With the growth in industrialization, a sharp rise in the value of the commercial properties is being noticed, with this a trend of using residential properties for commercial use is also being noticed. It not only saves the cost for renting a commercial property or buying it, but also saves the time and money for commuting from home to office.
Fully using a residential
property for commercial purposes is often opposed by the housing societies,
however a particular amount of area of the residential property could be used
for the purpose of commercial activities. However, this rule differs from state
to state and even within cities.
Residents are provided services as advocates, chartered accountants, lawyers, doctors, etc. are some of the approved commercial activities in any residential area. Also, the property could be used for tutorials, dance or yoga classes.
Specific rule for this cause-
- There is no specific provision provided by law for the use of a residential property for commercial property.
- A residential property in a society could be used for commercial purposes, provided an activity for production or manufacturing is not conducted.
- Such commercial activity shall not cause any nuisance to the other residents of the society.
- For any such commercial activity of the residential property, approval from the housing society is required as per the procedure decided by the society.
- Also, it may be possible that the municipal authority in your area has its own set of rules prescribed for such matters, hence, it is necessary to obtain such permission from the respective authority as provided by the local authorities.
- In case a tenant wishes to use his residential area for commercial purposes, it is necessary to obtain NOC from the landlord in addition to following the necessary paperwork.
Concluding from the above
mentioned provisions, it would be in your favour to seek the advice of an
experienced Business
Lawyers In Banglore before using your residential
property for commercial purposes.
If a marriage certificate is required to rent a residential property for commercial purposes-
- If you wish to file for marriage registration, it would be helpful to seek the assistance of an experienced Family Lawyers In Banglore, who would be able to explain the whole procedure to file for the registration process as well as assist you in filing for the paperwork. A marriage certificate is an essential document that establishes the marital status of a couple. In India, marriage registration can be done under the Hindu Marriage Act, 1955 or as per the provisions of Special Marriage Act, 1954 or under the Parsi Marriage and Divorce Act 1936.
- For various rights and provisions provided under the law, or to understand the law as it applies in your case, it is advised to contact a Divorce Lawyers In Banglore, in case there are problems in your marriage and you wish to take a decision as per the legal procedures.
- Many owners could frown upon renting their residential property to an unmarried couple, however, there is no particular rule which insists on the requirement of a marriage certificate.If the zoning rules of the housing society allow it, residential property could be used for commercial activity.
- For different states the rules are different. In some states up to 30 percent area could be used for commercial purposes, while in other states the ratio could vary.
Following points are to be kept in mind before converting a part of the residential property for commercial
- A shop and establishment licence shall be obtained from the concerned municipal authority.
- Before applying, thorough knowledge of the area concerned and the kind of business shall be there.
- Commercial charges on the property and water and power supply depending upon the size and nature of the business activity shall be levied by the concerned authorities.
- Certain professions are exempted from most of the procedural paperwork, they may include teaching, yoga, dance or tuition classes, you may also be exempted from paying commercial charges.
Lead India offers you an experienced team of advocates who have been successfully handling the property related matters, thus if you seek legal advice or assistance for similar matters, you may contact us.
Visit us: - https://www.leadindia.law
Call Us: - +91-8800788535
Email: care@leadindia.law
YouTube: - https://www.youtube.com/c/LeadIndiaLawAssociates
Facebook: - https://www.facebook.com/leadindialaw
LinkedIn: - https://www.linkedin.com/company/76353439
Twitter: - https://twitter.com/leadindialaw
Pinterest: - https://in.pinterest.com/lawleadindia
Instagram: -https://www.instagram.com/leadindialawofficial
Family Lawyers In
Banglore, Divorce
Lawyers In Banglore, Business
Lawyers In Banglore
No comments:
Post a Comment