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Frequently Asked Questions

 

More Information on FAQ's
Buyers / Sellers Owners / Tenants
Home Loans NRIs
Taxation Registration
Stamp Duty Vastu
 
Owners / Tenants
 
Is there a provision by which a landlord is bound to spend a certain percentage towards the maintenance of his property?
No.
   
Is it necessary to register existing tenancies as well?
No.
   
If a property is kept vacant for a period of one year, can it be let out at Market rent?
Yes.
   
How does one determine the Market rent?
There is no prescribed manner but it can be easily found out by approaching such people as the brokers, registration Authority, and Appropriate authority etc.,
   
How many months rent can the landlord take as deposit?
Approximately three months. It varies from case to case.
   
If a tenant is not protected by the Rent Act, what is the procedure to ask him to vacate and what is the notice period required to be given?
Normal Procedure is to send a notice to the tenant failing which a court case may be filed which usually takes 10 to 20 years to reach a verdict.
   
What type of agreement do I have to make with the new tenant, considering the new Rent Act?
The stamps need to be purchased in the name of any one of the executors to the Instrument.
   
 
 
 
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