Tag: #Property Agreement

Commercial Property

In the event of a lockdown, retailers have stated that they will only pay rent in proportion to their actual business.

July 16, 2021

The top retailers and restaurant chains such as Reliance Retail, Madura Fashion & Lifestyle, Domino, Plum by Bent Chair, Mamagoto, Farzi Café, Lee, Wrangler & Cafe Warehouse, etc., insist on introduction of clauses in all new leases, which state that in the event of government-mandated closures of stores and business, they do not pay rent […]

In the event of a lockdown, retailers have stated that they will only pay rent in proportion to their actual business.more
Property Transfer

Registration of property stops in Karnataka; builders fear a disruption of cash flow.

May 14, 2021

The registration of property has stopped across Karnataka because after declaring a two-week lockdown, the government shut its 243 offices of the sub-registrar for the time being. “To ensure the safety of our staff and the public our offices have been closed down. Online registration is not even allowed,” KP Mohanraj, inspector general of registration and […]

Registration of property stops in Karnataka; builders fear a disruption of cash flow.more
agreement

What can a buyer do when the agreement does not specify the date of possession?

June 3, 2019

By Abhay Harish Shah, Realty Quarter There have been numerous cases where home buyers have faced delays in acquiring their apartments. In many cases, delays are over five to six years. Some developers even did not mention the date of possession in the agreement which resulted in the home buyers suffering from financial and mental trauma. […]

What can a buyer do when the agreement does not specify the date of possession?more