Legal Archive

All You Need To Know About Renters Insurance

Renters insurance or tenants insurance as it is called in some places, is a fairly unfamiliar term among Indians. After all, who purchases insurance on a house that is not even yours! So if you are wondering why insurance providers came up with this one, you’d be surprised to know why this form of insurance

Union Budget 2018: Here’s what matters for Apartment Residents

The Union Budget was announced in early February. Everyone was quick to notice that this time around, the budget focused heavily on agriculture and the farming community primarily. There were some commendable moves as well – the railways got the largest ever allocation at 1.48 lakh crore while the budget allocation for farmers being nearly

Do Home Loans Help You Save On Income Tax?

Owning a home is a dream for many. An average Indian saves a better part of their income for the down payment of their dream home and then spend a good part of their remaining life paying off the loan. For most Indians, buying a home is a huge financial decision and it often requires

Do You Need NOC From Your Housing Society To Sublet Your Apartment?

For many homeowners who cannot occupy their property, subletting is a common option. And why wouldn’t they? The house will have some human presence and it brings in some extra cash. This is always a better option than keeping it closed and not generating any money. If the property in question is an independent house,

RERA In India: Acceptance By States And The Way Forward

If you’ve partaken in real estate transactions in any Indian city, you may have felt that the laws are a little lopsided and in favor of builders. The builders often used to decide the price and terms. That was until the RERA was passed. Almost a year after this milestone act came into being, not

3 Die In Sewage Treatment Plant In Bangalore

In a shocking event, three labourers have died due to asphyxiation inside a sewage treatment plant (STP) in an Apartment Complex in Bangalore. The police suspect that the three laborers – Mahadevappa, Ramesh, and Srinivas were asked to clean the clogged in-house STP by the Apartment Management. On 7th Jan 2018, by about 10:30 am,

Recent changes in Maharashtra Co-Operative Society Act 1960

Following are some of the important changes done in the MCS Act, 1960 and also in the Model Bye-laws of Cooperative Housing societies. Condition for membership – Applicant to take 10 shares of Rs.50 each as against 5 shares. Bye law No.22 on rights of membership talks about the right to receive the notice of

The Maharashtra Ownership of Flat Act 1963 (MOFA) Addendum

According to a recent circular, issued by The Maharashtra State Police Department, the Government has implemented an addendum to The Maharashtra Ownership Flat Act-1963 ( MOFA) & the MRTP Act 1966. According to the circular, builders are liable to be jailed for 3 years, 5 years or 9 years depending upon the nature of the violation

Due Dates For Co-Operative Society Audits – Latest Circular

According to the latest circular on Co-Operative Society Audits, below are some important dates: Finalisation of Acts –  15th May Accounts to be handed over for Audit -1st June Audit Completion: 31st July Audit Report Upload – 31st Aug or 15th Sept. AGM Date – 30th Sept. Mandatory Annual Return by Society – by 30th

Tenant Verification in Apartment Complexes

Verification of Tenants in India is a Legal Requirement. In some states like Punjab, Jammu & Kashmir, Tamil Nadu, the Legal Requirements are stringently followed, in other states/cities like Delhi, Mumbai, Bangalore and Kolkata, tenant registration though is a legal requirement, its voluntary. Multiple such cases has been filed across India against Landlords and Apartment Owners for
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