In India, rental income from real estate is taxed under the heading “Property Income”. A deduction of 30% is allowed on the total rent that weighs on the tax. And we have the lease of this house for two more years! There will certainly be an obligation to give preference to a driving licence and only drivers listed in the contract will be allowed to drive. It may include an option to purchase car insurance (UK) if the tenant doesn`t already have a policy to cover rents – another important consideration for many drivers. Some agencies may even ask for a deposit that can be paid if the car is not returned in order, often in the form of a credit card authorization – invalid if the car is returned in accordance with the agreement. A renter should be told that he or she is responsible for parking or traffic violations that occur on the vehicle during the rental period. There should also be advice on how to deal with thefts, accidents, burglaries and towing. If he does not practice the express option, defined by law or by the treaty, the contract remains in force and the civil court is legally entitled to assess the actual use of the property as well as the implicit conscience and tolerance of the owner (in the absence of measures of solution in relation to the contract). Suddenly, the judge has the right to determine the new contractual agreement and to bring its clauses into line with the actual purpose of the use of the property.

The re-import of the contractual obligation (the annual rent) is usually recalculated under standard contracts drawn up by the Association of Owners and Tenants of Real Estate, both at the national and provincial levels. [6] A lease is a generally written lease between the owner of real estate and a tenant who wishes to have temporary ownership; it is different from a lease agreement which is rather for a fixed term. [1] The agreement fixes at least the parties, the property, the duration of the lease and the amount of rent for the duration. The owner of the property can be designated as the owner and the tenant as the tenant. A lease is often referred to as a rental agreement, especially when real estate is leased. In addition to the basics of a rental (who, what, when, how much) a real estate rental can be much more detailed on these and other topics. The property can be rented for accommodation, parking of a vehicle or vehicle, storage, store, agricultural, institutional or government use or for other reasons. Italian rental contracts for real estate are not clearly governed by the written agreement between the owner and the tenant. Italian civil law requires a concordance between the place of use agreed by the parties (e.g.B. residential, commercial activity) and the place of actual use that the tenant has accepted after seizing the property. In the event of a relevant difference, the owner has the possibility to terminate the contract due to a serious non-performance. [5] The use over time of land or other “personal property” falls under general contract law, but the concept of leasing today also extends to long-term rental contracts for more expensive real estate such as cars, boats, planes, office equipment, etc.

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