RENT
Airbnb makes long awaited debut on US stock exchange
Thirteen years after its founders first rented air mattresses in their San Francisco apa...
SC agrees to hear plea of Maha governor against HC's show cause notice for contempt
The Uttarakhand High Court had on May 3 last year ordered...
Is staying in hotels safe during pandemic? Try to rent a place with family members
When travelling, find a rental that guarantees a 72-hour buffer between guests.
Retail companies to see reduction in their liabilities as they go for percentage of sales rents
The new lease contracts essentially mean that the retailer would pay a minimum rent and the remaining would be pegged to the sales it generates from the facility.
Oil ministry wants PSUs to build 50,000 houses for renting to migrant workers
The ministry wants IOC and other public sector undertakings (PSUs) under its administrative control such as Hindustan Petroleum Corp Ltd (HPCL), Bharat Petroleum Corp Ltd (BPCL), GAIL India Ltd and Oil and Natural Gas Corp (ONGC) to build the housing units on the land they have, three officials who attended a meeting on the subject said.
Average monthly rent for retail space in Khan market, CP & South Extension drops 14%: Cushman & Wakefield
According to the data, rentals in malls were stable during July-September. At present, malls in South Delhi commands per sq ft monthly rentals of Rs 600, West Delhi Rs 325, Gurugram Rs 350, Noida Rs 250, Greater Noida Rs 125 and Ghaziabad Rs 200.
Prime warehouse rents in NCR, Mumbai, Bengaluru to remain strong in the next 12 months: Knight Frank
The average rental growth of between 3% to 5% is expected by the end of 2020 for warehouses across the Asia Pacific. "Despite the spread of COVID-19, cities registered an average rental change of -0.02% year on year –in H1 2020," mentioned the report.
Oyo's co-living arm offers 20% discounts on monthly rent to customers opting for long term stay
To provide digital learning to residents during the COVID-19 pandemic, Oyo Life has partnered with Harappa to provide exclusive courses such as personality development, digital Marketing and business analytics, among others.
Rent disputes with individual property owners are triggering large number of exits
In a similar incident, a Delhi court had to intervene when Japanese retailer Miniso failed to pay dues and was dragged to court by the landlord, according to a report.
Covid impact: Tenants want Kerala government to bring rent regulations
Many employees are reluctant to travel by public transport due to the fear of community spread of Covid-19 and hence are in search of a suitable accommodation.
GST jolt for real estate developers: Paying tax on rent they never got
As per the GST framework, tax has to be paid at the time of raising invoice and not when the actual payment is made.
Can’t waive rent, landlords need money too: Delhi HC
A bench of Chief Justice D N Patel and Justice Prateek Jalan noted that the court will be “extremely slow to interfere in contractual terms” between landlords and tenants, adding that waiver of rent cannot be granted by the court.
Lawyers redraw rent agreements with new ‘lockdown’ clause after 'disputes' over payment
The new agreements are being drafted for both residential and commercial properties as both -- property owners and tenants -- seek clarity in case of another lockdown disrupting life. The lockdown clause has gained importance as force majeure clause.
No eviction on grounds of non-payment of rent if tenant poor: Delhi HC
On why it rejected the plea, the court said: "If such type of general argument is accepted by this court, that rent should be waived for all the tenants of Delhi who are poor for the month of April or/and May or/and June, it will lead to injustice."
