Investay - Real Estate Returns Maximised

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There is nothing stopping you from writing your own rental agreement, so as long as both parties are present while doing so. However, it is more advisable to consult a lawyer, as they will provide more security and will know all the legalities that might come along.

In all cases, the landlord of the property keeps the original copy. But you can always ask for a copy. If you are also using a lawyer, she or he will also have a copy of the rental agreement that was used.

If you are the landlord of the property, you are allowed to change terms, conditions and clauses of the rental agreement, but only with 30 days prior notice. However, if you have mentioned changing of terms and conditions in your agreement, then you can also give 7-8 days’ notice.

Many landlords simply advertise their vacancies as “no pets allowed” and then handle exceptions on a case-by-case basis. If there is a pet policy, will make sure we will inform in advance.

We have a dedicated team, which is available at your service 6 days a week from 10 am to 5 pm. You can call them on +91 80 4433 4464 or mail at enquiry@investayrealty.com

You can back out of the lease, only if both parties agree and sign and legally end the lease.

Landlords are allowed to designate which forms of payments they will accept, but the best landlords make it easy for a tenant to pay. Landlords who only accept cash should be avoided at all cost. Online payments are the best way to pay rent (in our opinion), because it allows for automation, security, and convenience for both tenant and landlord.

A resale home is a home that was purchased and is 'For Sale' by the initial buyer. A resale indicates that the property is being sold to someone new from someone who was assigned the same property before. Essentially, the resale property can either occur from the first allotted or the beneficiary who had bought the same from someone else previously.

No, you cannot avail PMAY subsidy benefits for a resale flat as the scheme is applicable for the purchase or construction of new houses, extension or improvement of existing homes.

Short-term capital gain is one in which profit earned from the sale of the capital asset, is owned by the assessee for a period less than 36 months. Conversely, when the asset transferred is held by the assessee, for more than 36 months, the gain arising out of such transfer is termed as long-term capital gain.

Agreement to Sell (ATS), Chain of Title or Sale Deed., NOC from the society or other concerned bodies., Share Certificates in case of societies, Title Report, Occupancy/Completion Certificate (OC), Encumbrance Certificate (EC).

We have a dedicated team, which is available at your service 6 days a week from 10 am to 5 pm. You can call them on +91 80 4433 4464 or mail at enquiry@investayrealty.com

You can check the resale value of flats or old flats by applying the following formula: Value or resale flat = value of undivided share of land + depreciated value of building and amenities + value of overheads, expenses, etc.

Nothing can be more profitable than purchasing a flat at a price much lesser than the market rate. Moreover, the resale flats are fully constructed and come with a ready-to-move-in tag. One of the biggest benefits that the resale apartments provide is the tax benefit after gaining possession.

According to the new GST tax structure, residential projects which have received a completion certificate, or ready to move in properties cannot be classified as a service. Hence there is no GST rate applicable in these cases. Therefore, in the case of resale of such properties, there will be no GST levied

A resale home comes at a lower cost, is ready-made, and you also get tax benefits like a new home. However, the resale property may also be old needing maintenance, may not be eligible for home insurance, and you have an added cost of constructing new amenities.

Depending on the state and region, you need everything from a sale deed, mother deed, Katha certificate, tax paid receipt, Katha certificate, occupation certificate, no objection certificate from the bank, society, maintenance office, Aadhar, etc.

The stamp duty charges for a resale flat generally varies between 2-8% of the gross deal value and the registration fee is usually 1% of the sale value.

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