There are several types of real estate transactions, such as:

1. Selecting a Site and Acquiring it

Some investors make the error of assuming that only location matters. When buying commercial real estate, you should consider whether the trade area supports the surrounding market demand.

2. Beginning of a New Lease

Hire a property lawyer Lucknow to review the leasing agreement in-depth so you can speak about it without hesitating, and you'll come across as uber-confident. You may prevent fraud and wrongdoing by being transparent about the rent, upcoming hikes, tenure, and signage.

3. Disposition

There are reliable techniques for getting rid of a possession. The two most common methods are to conduct a conventional sale or to complete the sale via owner financing. You should try to respond to any offers right away and have your papers ready in advance.

4. Subleasing or Termination of Lease

Lease provisions do not always permit subletting; even when it is, the original tenant is still liable for any responsibilities incurred. The original tenant is usually liable if the individual subletting causes damage or leaves without notice.

Real Estate Laws and Regulations

The following laws and regulations govern real estate in India:

• Registration Act, 1908 and Indian Stamp Act, 1899
• RERA or Real Estate (Regulation and Development) Act, 2016
• Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013
• Transfer of Property Act, 1882
• Indian Easement Act, 1882
• Indian Contract Act, 1872
• Land Revenue Codes