Results for #deposit
Legal
#lease#deposit#term#landlord#refuses
What do I do if at the end of the lease term the landlord refuses to refund my deposit?
What do I do if at the end of the lease term the landlord refuses to refund my deposit?
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Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
Depends on the terms of the lease deed, either you can hold on to the property or file a suit for recovery of the deposit
Legal
#bank#deposit#nominee#death#money
My father and I have a bank account jointly where we maintain fixed deposit and he has updated me as nominee. Later, incase of my father's death will I be the only person to receive money or my siblings will also get?
My father and I have a bank account jointly where we maintain fixed deposit and he has updated me as nominee. Later, incase of my father's death will I be the only person to receive money or my siblings will also get?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
You will be entiteld to withdraw the monies lying in the fixed dpeosit of your father on the basis of the nomination made by him, however, if your father has died intestate then all his legal heirs will be entiteld to claim thier respective shares in the estate of the father which would include the fixed depsoits made by him.
Legal
#flat#agreement#owner#deposit#tenants
I have been staying in a flat in Chennai for the past 10 years. For the first 3 years, there was a proper written rental agreement and post that, it has only been done verbally on mutual consent. Now, as I have heard from various sources, the owner has a tendency to deduct the deposit amount using some baseless reason and give it to the tenants when they are planning to vacate. Is there any legal procedure through which I can get back my complete security deposit?
I have been staying in a flat in Chennai for the past 10 years. For the first 3 years, there was a proper written rental agreement and post that, it has only been done verbally on mutual consent. Now, as I have heard from various sources, the owner has a tendency to deduct the deposit amount using some baseless reason and give it to the tenants when they are planning to vacate. Is there any legal procedure through which I can get back my complete security deposit?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
You would have to prove that the terms of your original rental agreement has been continued orally by the parties and has not been changed and accordingly, you can seek refund of the entire security deposit based on the terms contained in your rental agreement or file a suit to recover such deposit from the Owner on termination or expiry of the rental/lease/license period.
Taxes & Duties
#buying#flat#registered#agreement#deposit
I am thinking of buying a flat that is in the builder's name as the seller hasn't registered it on his name. The seller has been living in the US for the past 4 years. Now, I am willing to buy this flat under a tripartite agreement and deposit the money in the seller's local account. I want to know if there will be any issue over the Section 195 IT Act later as the seller is stating himself as a non-NRI?
I am thinking of buying a flat that is in the builder's name as the seller hasn't registered it on his name. The seller has been living in the US for the past 4 years. Now, I am willing to buy this flat under a tripartite agreement and deposit the money in the seller's local account. I want to know if there will be any issue over the Section 195 IT Act later as the seller is stating himself as a non-NRI?
Answered on November 08, 2017
The sellers claim that he is a non-resident will not suffice. Residential status has to be detemined as per provisions of section 6 of the of Income Tax Act.
Non Residential status: As per the provision
i) if a person stays in India for less than 182 days in current year then he will be treated as a Non resident in India.
ii) if a persons stay in India for more than 60 days but less than... (View more)
Non Residential status: As per the provision
i) if a person stays in India for less than 182 days in current year then he will be treated as a Non resident in India.
ii) if a persons stay in India for more than 60 days but less than... (View more)
