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Property

Mortgage

A mortgage is a financial arrangement where a borrower pledges their freehold or leasehold property as collateral for a loan. This allows the lender, also known as the mortgagee, to have rights to recover the property in case the borrower, or mortgagor, fails to repay the loan. Essentially, a mortgage serves as a land charge and can take on either a legal or equitable form.

Yield up

When a tenant vacates a property at the end of their lease, they are relinquishing possession. This means they are giving up their right to occupy the space and are returnin...

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Registration and mutation

When dealing with high value property transactions, it is crucial to register the sale deed at the regional sub registrar's office of the local municipal authority. This is ...

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Bare shell

A bare shell refers to the state of a property after construction has been completed, and basic building services have been installed. This includes flooring options such as...

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Urban Land Ceiling and Regulation Act (ULCRA)

In 1976, a legislation was enacted to promote social equity by addressing issues of profiteering and hoarding in the urban land market and preventing urban congestion. This ...

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