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The tenancy agreement for real estate is often called a lease, and usually involves specific property rights in real property, as opposed to chattels. In India, the rental income on property is taxed under the head "income from house property". A deduction of 30% is allowed from total rent which is charged to tax.
A lease should be contrasted with a license, which may entitle a person (called a licensee) to use property, but which is subject to termination at the will of the owner of the property (called the licensor). An example of a licensor/licensee relationship is a parking lot owner and a person who parks a vehicle in the parking lot.
A rental agreement is a contract of rental, usually written, between the owner of a property and a renter who desires to have temporary possession of the property; it is distinguished from a lease, which is more typically for a fixed term. [1]
From stock market news to jobs and real estate, it can all be found here. ... Michael Jordan's former mansion is now available to rent — for $230K ... Owner Nicholas Sutton said that Adele’s ...
Home inventory was up to nearly 5.9 million homes in 2024, with 71% serving as a property owner's primary residence rather than a second home, vacation home or rental property.
The website soon became popular with homeowners that wanted to list their properties for short term rental. [2] [3] By 2006, VRBO had over 465,000 rental listings [4] and was adding 100 new listings per day. [3] VRBO originally had a subscription business model in which payment of an annual fee allowed homeowners to list their properties on the ...
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