Lease

LEASE Now we will deal with the topics of Lease. Chapter V of said Act provide for Leases of immovable property. Section 105 defines lease, lessor, lessee, premium and rent. “105. A lease of immovable property is a transfer of a right to enjoy such property, made for a certain time, express

NON – Taxability of surrender of tenancy rights

NON – Taxability of surrender of tenancy rights prior to 1-4-94 By Vimal Punmiya, Chartered Accountant The issue regarding taxability/non-taxability of surrender of Tenancy rights is giving sleepless nights to millions of Tenants, especially in city like Mumbai where Pugree system is in great vogue. The decision of the Special Bench constituted by

Tenancy agreements to be compulsorily registered

Tenancy agreements to be compulsorily registered under new Maharashtra rent control act. By M.S. Khan, Advocate, (Ex.Competent Authority, Rent Act, Konkan Division, Mumbai). At last, the new unified Maharashtra Rent Control Bill has been passed by the Maharashtra Legislature. It is learnt that the bill is sent for the assent of the

How leave and licence system originated

The Law of Leave and Licence has changed drastically form time to time. A person is not sure whether to give his premises on leave and licence or not. It therefore becomes, necessary to study the histoy of the Bombay Rent Act. The Bombay Rent Act was promulgated on 13.2.1948.

LEASE AND LICENCE DISTINGUISHED

LEASE AND LICENCE DISTINGUISHED By: Mohan Rijhwani Advocate The history of conflict in the distinction between lease and licence is as old as the history of the concept of lease itself . The relation of landlord and tenant was originally one of contract only,

Leave and License Agreement

Leave and License Agreement why eleven months only By Advocate S. R. Agarwal There is a practice prevalent in Maharashtra that a Leave & License Agreement in respect of a residential premises is, usually, entered into and executed for a period of 11 months. The question arises whether it can not be

Rent Control – an update

Rent Control - an update By A T Bureau The Maharashtra Rent Control Bill, 1999 (L.C.Bill No.VI of 1993) passed with amendments by both the Legislative Council and the Legislative Assembly aims to unify the three different Rent Control Laws, in operation in the State of Maharashtra. The Bill has brought about several changes

Rent Act

Tenancy agreements to be compulsorily registered under new Maharashtra rent control act. By M.S. Khan, Advocate, (Ex.Competent Authority, Rent Act, Konkan Division, Mumbai). Posted on 10th July 2002 At last, the new unified Maharashtra Rent Control Bill has been passed by the Maharashtra Legislature. It is learnt that the bill is sent for

Salient Features of the Maharashtra Rent Act, 1999

Salient Features of the Maharashtra Rent Act, 1999 By Bharat Gupta, Advocate Distinction under the law between “Lease” and “Licence” By Sanjay Chaturvedi Tenancy agreements to be compulsorily registered under new Maharashtra rent control act. By M.S. Khan, Advocate, (Ex.Competent