Tell about the permissions and licences required,where ,how and to whom to be applied etc in detail.
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Renting A House? Here Is Your Legal Checklist
No-objection certificate is a certificate that specifies conditions for rent/lease,
When scouting for a rented property, there are certain things within your control. Here are some basic guidelines to follow when renting a house. Rental laws again differ from state to state and hence, these guidelines are restricted to some general laws.
The verification of these documents is critical, though commercial establishments that take office premises have a legal team to handle the formalities,
List of important documents needed before renting a house
a. Title documents:
This is proof that the person renting or leasing out the premises is the actual owner of the place.
b. Share certificates:
The place rented out is part of a co-operative society or colony, share certificates also need to checked.
c. Electricity bills:
It is generally in the owner's name.
There are two types of tenancy agreements in India, Lease Agreements which are covered by rent control laws and Lease and License Agreement which are not.
A Lease (or Rental) Agreement is covered by restrictive rent control laws. The amount of rent that can be charged is based on a formula devised by the local executive, legislative or judicial government, as the case maybe
Local laws cover landlord and tenant agreements. Many local rent control laws such as the Maharashtra Rent Act 1999, Delhi Rent Act 1995, Tamil Nadu Buildings (Lease and Rent Control) Act 1960, strictly regulate rental agreements that are 12 months or longer in favor of tenants. If the monthly rent payable on a property exceeds Rs3,500 (US$76), the agreement is subject to the Transfer of Property Act (TPA), which assigns the landlord responsibilities including i) disclosure of information regarding material defects in the property and ii) uninterruptedoccupation of the property for the agreed period (subject to periodic visits by the landlord for inspection). In this case there are more grounds for evicting tenants, but the situation is still disadvantageous to the landlord.