FAQ

Any person (except Minor) with sound mental state, testamentary capacity and understanding of contents is able to dispose of his property by making a Will.

Yes, of course, daughters have equal rights over the property of their father just like the sons do.

In the absence of a will, the course of law takes place as per the enforceable provisions and the laws of inheritance that have been codified in the Hindu Succession Act, 1956.

When someone passes away without having made a will, various types of confusions and strives among his or her family members regarding the entire ownership or a particular piece of the property.

Will is a legal declaration made by a testator regarding his property. It’s a testamentary document that clarifies and entitles someone to own his property after his death.

If either party fails to honour the terms and conditions of the agreement, it will become invalid and the aggrieved party could claim penal charges. Therefore the agreement should also include notice period and penalty for cancelling the agreement without completing the specified period. Normally a one-month notice period is served.

A tenant should verify whether the landlord has included a “rent escalation clause” in the agreement, which could be used to increase the rent after a certain period say after six months. Verify whether the agreement mentions the date after which rent charges would increase and the percentage of increase.

The safety deposit amount to be paid for the duration of the lease may be negotiated. Technically, the safety deposit amount is calculated as the first three months' rent which is fully refundable after the amount of repair and maintenance deductions.

The duration of the notice period prior to the termination of the lease depends on the period of the agreement. Once signed, the landlord needs to give the tenant a duplicate copy of the agreement within 10 days of signing or the tenant may withhold the rent till they receive the copy.

The main terms of a rent agreement include:

  • Amount of rent to be paid every month
  • The amount of safety deposit to be paid to the owner on a return basis
  • Period of rental agreement
  • Number of people occupying the property
  • Type of lease – residential or commercial
  • Maintenance issues – who will pay the monthly maintenance bills (in case of a property in a housing society), minor repair work charges, major repair work charges and so on
  • Termination of lease rules

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