In India, tenancy transactions i.e. the transaction between a landlord and a tenant is governed on the statutory level by the Rent Control Act on the national level. This article highlights the remedies a landlord has against the tenant who has committed wrong or violated the rental agreement in India.
Usually people are required to pay property tax over the property that they can claim ownership to. The owner of a property is liable to pay the tax that is levied by the local body called property tax.
Developers charge an extra amount for the use of these amenities. Since these amenities are community and commercial facilities, the owners are charged a monthly maintenance fee for upholding the standards of societal living and maintenance of such facilities.
Though owning a rental property is financially rewarding however, investing in such real estate has its own pros and cons. The very idea of buying another house or apartment so as to receive more income does seem to be a good investment opportunity.