Theory | wealthymatters

Supreme Court’s Model Tenancy Agreement

June 27, 2012 Leave a comment

Here is the link to a copy of the original judgement in Mohammad Ahmad & Anr. vs Atma Ram Chauhan & Ors. on 13 May, 2011
http://taxguru.in/corporate-law/mohammad-ahmad-anr-atma-ram-chauhan-ors-supreme-court.html

marg swarnabhoomi

Finding a good tenant is as important as finding a good house. In case you plan to let your property out on rent, it is essential to draft a proper tenancy agreement. A well-drafted tenancy agreement leaves little chance of dispute between the parties. Care needs to be taken by both the parties while drafting the tenancy agreement. A lease agreement should cover the rights and obligations of both the lessor and lessee.

The lessor can either be the owner of the property or may have a power of attorney (POA) to lease out the property from the owner. The lease agreement may be signed by the owner of the house or his duly authorised POA holder. There are some basics that need to be included in a lease agreement.

These include:

– Names and addresses of lessor and lessee

– Details of the property leased out

– Effective…

View original post 512 more words

Filed under Theory, Tool Kit Tagged with landlord tenant agreement, model rental agreement, Mohammad Ahmad & Anr. vs Atma Ram Chauhan & Ors. on 13 May 2011, postaday, real estate, rent agreement, Supreme Court's Model Tenancy Agreement

Main documents required to sell a property

June 27, 2012 Leave a comment

marg swarnabhoomi

If you are planning to sell a property, the documents are very important. They will probably be first scrutinised by the prospective buyer before even looking at the property. The buyer will insist on checking the original documents before finalising the deal.

These are the documents you need to have in order:

Letter of allotment

The letter that confers allotment of the property to you from the relevant society or authority is a primary document you need to have in order.

Sale deed

The original conveyance or sale deed from the previous owners of the property is needed. If you have lodged the original deed for registration with the registrar, you need to provide a copy of the conveyance deed or sale deed along with a photocopy of the receipt from the subregistrar where the documents have been lodged for registration.

This traces the ownership of the property. Missing documents…

View original post 417 more words

Filed under Theory, Tool Kit Tagged with Agreement to sell, allotment letter, approved building plan, encumbrance certificate, NOC from the CHS, occupation certificate, postaday, real estate, sale deed, selling a property, share certificate

Purchase Of Land – Legal Check-Lists

June 27, 2012 1 Comment

marg swarnabhoomi

Owning a house is an important thing in one’s life. However, one needs to be careful while buying a property to avoid falling into legal hassles. Before buying a land, a number of checks need to be done to confirm that the land has a clear and marketable title. The legal status of the land is one of the first issues that should be addressed before confirming a property.

Title deeds

The first step is to see the title deed of the land, which you are going to buy.

* Confirm whether the land is in the name of the seller and that the full right to sell the land lies with only him and no other person.
* It is better to get the original deed examined by a lawyer. This is to check details like whether the seller has permitted any entry/access to others through this land and…

View original post 1,090 more words