Helpful tips

Can a landlord file a covid-19 eviction case?

Can a landlord file a covid-19 eviction case?

Note that with mounting health and safety concerns owing to COVID-19, even courts have placed a temporary ban on eviction. A landlord can file an eviction case in a court, but the case might not be heard, as only urgent matters are being listed for hearing.

Who is allowed to depreciate assets under Section 32?

Depreciation under section 32 was allowable to the assessee company on the assets which were purchased in the name of the managing director of the assessee company and his wife but, used exclusively for the assessee’s business. (A. Y. 2004-05).

Is the contract of sale the same as a section 32 vendor statement?

The statement should not be confused with the contract of sale, which is a separate document. Given its legal nature, it is recommended that a qualified lawyer or licensed conveyancer prepare (for the seller) and review (for the buyer) the section 32 vendor statement prior to signing the Contract of Sale.

Who is treated as the owner of a leased building?

It was pointed out that so far as the expenditure incurred as contemplated in the explanation is concerned, a legal fiction is created, by which, the assessee, enjoying a leasehold right on a building, is treated as the owner of the building.

What happens if one person on a lease moves out?

For example, if the lease is for 12 months and the other tenant moves out three months in, the remaining tenant will be required to pay for the remaining nine months. Joint and several liability, a legal term meaning that one tenant can be held liable for the entire agreement, results in any rule violation or breakage…

When do landlords change the rules in a lease?

Landlords can implement rule changes when a tenant’s lease agreement expires. In other words, landlords should notify the tenant of the upcoming change well before it’s time to renew the lease agreement so the tenant will know of the change before signing the new lease.

What should a landlord put on a move out form?

Check with your local landlord/tenant laws to see how much notice the tenant should give before they vacate a rental unit. A tenant move-out checklist is a form that landlords should attach as a rider (also called an addendum) to the original lease agreement.

What happens if one tenant leaves before the end of the lease?

Because a lease is a written contract, the landlord can enforce it in court to get the remaining balance owed on the rental unit. The lease might have specific terms related to one or more tenants leaving before the end of the lease.