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What is the Difference Between Movable and Immovable Property?
Movable and immovable property ownership carries profound significance, evoking honour and belonging. Registering property in one's name fulfils a dream. Property encompasses items or places under legal ownership, ranging from sizable and immovable real estate like apartments to compact a
Written by Vivek Mishra
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Transfer of Property Act: Meaning, Types and Laws
Initiating a home purchase involves a Transfer of Property Act-regulated purchase agreement. This legally binding document, signed by both sellers and buyers, solidifies agreements on closing costs, dates, and clauses. While contract specifics may vary globally, certain provisions remain
Written by Kruthi
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Partnership Deed and How It Can Protect Your Interests
Before you invest your savings towards a joint business venture, it is advised that you opt for a partnership deed document that can protect your interests in the time of any internal conflicts. Read more to know about the benefits of the partnership deed and its contents.
Written by Vivek Mishra
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Non-Occupancy Charges in Housing Societies 2025: Meaning, Rules and Calculation
Non-occupancy charges are additional fees levied by housing societies when a flat is rented out or remains vacant, and is not occupied by the owner or their immediate family. Non-occupancy charges help societies manage expenses fairly, with rates typically set at 10% of the monthly servic
Written by Kruthi
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All About Maharashtra Cooperative Societies Act - From Its Existence (1960) to Its Latest Amends
Maharashtra is the second most populated state in India, and therefore, a Maharashtra Cooperatives Society Act is just the right fit for the state. With its population, it is not a shock that there are over 5 crore members to the existing nearly two lakh cooperative societies. Cooperative
Written by Vivek Mishra
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What is the Society Registration Act? All You Need to Know
We generally understand the meaning of ‘society’ in the broader sense. It usually denotes the grouping of several individuals who come together for a common cause or interest, from religious, cultural, political, to charitable, scientific, and more. As social creatures, we tend to band to
Written by Simon Ghosh
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Everything You Need to Know About Indemnity Bond
An indemnity bond serves as security, guaranteeing compensation in the event of a personal loss or default on a loan payment. It protects the bondholder and ensures the fulfilment of contractual obligations. If the principal fails to meet the agreement, they must settle the bonded amount,
Written by Kruthi
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Society Maintenance Charges : Meaning, Cost, Types and Calculation
The Supreme Court Judgment on Society Apartment Maintenance Charges clarified that paying society maintenance charges is a legal obligation under the Cooperative Society Act, 1912, and the Respective State Apartment Ownership Acts. The court ruled that all residents, whether owners or ten
Written by Vivek Mishra
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