A covenant is a type of agreement that works contract in which the covenantor makes a promise to a covenantee to do (affirmative covenant) or not do some action (negative covenant). In real property law, the term real covenants is used for conditions tied to the use of land. A “covenant running...Read More
Affordable housing is a housing unit which is available or can be accessed to those section of society whose income is below median household income. The rate of affordable housing is increasing day by day.
An assessed value is the dollar value assigned to a property to measure applicable taxes. Assessed valuation determines the value of a residence for tax purposes and takes comparable home sales and inspections into consideration. It is the price placed on a home by the corresponding government munici...Read More
Appreciation is an increase in the value of an asset over time. The increase can occur for a number of reasons, including increased demand or weakening supply, or as a result of changes in inflation or interest rates. This is the opposite of depreciation, which is a decrease over time.
Real estate appraisal, property valuation or land valuation is the process of developing an opinion of value for real property (usually market value). Real estate transactions often require appraisals because they occur infrequently and every property is unique (especially their condition, a key fact...Read More
Apartment or flat part of a property, where it can be used for housing unit which includes two or more rooms. An apartment can also be used for business and trading. Self-contained apartment also have parking units, some apartments are also use for rent. It is a multi-story building.
Party that has express (oral or written) or implied authority to act for another (the principal) so as to bring the principal into contractual relationships with other parties. An agent is under the control (is obligated to) the principal, and (when acting within the scope of authority delegated by t...Read More
What is ALLOTTEE? One to whom an allotment Is made, who receives a ratable share under an allotment; a person to whom land under an inclosure act or shares in a public undertaking are allotted.
The Old Definition of an Acre An acre is usually used when talking about farmland or other large areas of land. Do you know the original meaning of an acre? Well, a long time ago, an acre was the amount of land a pair of oxen could plow in a day. We can say that is the olddefinition of acre. However,...Read More
by Anushree Ghosh, Indian dreams are still circumscribed by the parameters of owning a land. Though the millennials are slightly shifting towards acquiring experiences rather than collecting materials, but that’s an extremely small percentage. Buying property is considered an intelligent investment, ...Read More
by Anushree Ghosh Resident Welfare Association is a committee formed to aid the residents in maintaining a quality life by handling the maintenance of the place and securing the rights of the people. It is the representative body that stands out to support the rights of the members when required. It ...Read More
The salient features of the Bill are as under: Applicable both for commercial and residential real estate projects. Establishment of ‘Real Estate Regulatory Authority’ in States/UTs to regulate real estate transactions. Registration of real estate projects and real estate agents with the Authority. ...Read More