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FAQ

I want to rent out my furnished flat in Noida. Where can I download a good draft rent agreement format?
You can download professional agreements here - Rent Agreement Format. Formats are available for Furnished and Semi-furnished house & flats.You can customize the format, fill your details, sign it, get it notarised and you are done. This is the most cost effective and efficient way of making the rent agreement.
Is Airbnb legal in Singapore?
I am so glad this question exists on Quora. I hope to clear up the mass confusion. Upfront, I have been operating Sharing Economy businesses in Asia since 2012, which is why I have looked into the matter deeper than most.In 2012, I consulted with a reputable law firm (name withheld) that has issued me a written response about the URAs statements on short-term leasing. Here are their findings paraphrased:"...the Guideline is not law as it is not codified in a statutory instrument. The URA, in response to a query from the public, made a statement in The Straits Times on 26 May 2012 (Leasing guideline) in which it conceded that the Guideline was not a ‘ruling’, but stressed that the URA “issue[s] guidelines from time to time to provide transparency and clarity on how the URA exercises its functions under the Planning Act”Their advise goes on to say that participants of short-term leasing should inform their guests not to disturb neighbours or the URA has the right to step in according to the letter of the law.To summarise their response in points:Short-term renting is not illegal for private propertyThe popular "6-month minimum rental period" quoted widely in the press is not a law but a guideline by the URA (Leasing guideline)Owners of short-term rental homes should ensure guests don't cause disturbance to the neighbourhood or they are at risk of getting in trouble with the URAThe URA has the authority to take action if guest causes disturbance to the neighbourhood.---------------------This doesn't mean that everyone can operate a short-term rental. The HDB rules are very clear about disallowing subletting, So 80% of my countrymen are unfortunately powerless to defray the effects of inflation through maximising the yield on their most valuable but illiquid asset.---------------------The above are facts. Now here are the mosaic of opinions on the matter after speaking to a few hundred guests, owners, regulators, companies, students, schools, medical tourists and hotel owners personally,Landlords of investment properties (non-owner occupied) are for it, mainly due to pressure to service mortgage.About half of landlords of owner-occupied properties are for it due to supplementary income, background is usually recent unemployment driving the activity to hostThe other half against it mainly due to discomfort of unfamiliar facesGuests want itNeighbours will activate the regulor when drunks or prostitution is involvedHotel associations hate itRegulators usually neutral until hotel associations put pressureMost common reasons cited by regulator are: Tax and DisturbanceReal demand is driven by expensive hotels and few viable options for the person who staying for 30–180 daysSolution to social problem faced by retiree in asset rich cash poor position
I’d like to rent out a room. Is there a website that can generate a rental agreement most suitable to my situation?
I’d like to rent out a room. Is there a website that can generate a rental agreement most suitable to my situation?There are websites that can do that and there are places where you can buy a preprinted lease. I’ve seen them, but I don’t use them and I avoid them. I realize you’re trying to save money, but, in the long run, that $100 or so that you save could cost you hundreds or even $1,000 or more. There are some things that are best not skimped on!While it’s possible for a site to make a lease specific to your state, or where you could buy leases intended to be used in your state, what do they cover to protect you? Yes, you’re just renting out a room, but do you know if that’s legal in your area? (If you have any issues where you have to sue a tenant for damages and you find you can’t legally rent a room in your zoning district, that could be a serious problem.)I know you want to keep it simple, but if you don’t have experience with leases and leasing out rental space, there are dozens of mistakes that you can make that could cost you thousands in the long run or force you to evict someone living in your house. There are even things people do, when renting, that they think are legal, that can lead to them going to jail.I try to avoid saying, “Consult a lawyer” in answers, but this is one place where it’s vital to do that. It’s just not worth it to take the chance. I’ve seen some room rentals work and others go downhill rapidly. That includes my 80-something year old neighbor who rented out a room to a “nice young Christian man” who turned out to be seriously mentally unstable. She needed my help and help from social agencies to deal with what was officially called an “elder abuse” situation. When we finally got the renter out of her house, within 48 hours at his new house, he tried to kill his new landlord by strangling him.Talk to a rental lawyer. He’ll have leases all drawn up already and can get you one for your needs in short order and the legal fees will be limited. Compared to what it could cost you if you don’t do that, it’s a bargain.
How do I fill out a Form 10BA if I lived in two rented homes during the previous year as per the rent agreement? Which address and landlord should I mention in the form?
you should fill out the FORM 10BA, with detail of the rented house, for which you are paying more rent than other.To claim Section 80GG deduction, the following conditions must be fulfilled by the taxpayer:HRA Not Received from Employer:- The taxpayer must not have received any house rent allowance (HRA) from the employer.Not a Home Owner:- The taxpayer or spouse or minor child must not own a house property. In case of a Hindu Undivided Family (HUF), the HUF must not own a house property where the taxpayer resides.Form 10BA Declaration:- The taxpayer must file a declaration in Form 10BA that he/she has taken a residence on rent in the previous year and that he/she has no other residence.format of form-10BA:-https://www.webtel.in/Image/Form...Amount of Deduction under Section 80GG:-Maximum deduction under Section 80GG is capped at Rs.60,000. Normally, the deduction under Section 80GG is the lower of the following three amounts :-25% of Adjusted Total IncomeRent Paid minus 10% of Adjusted Total IncomeRs.5000 per Month
Are Airbnb or other short-term rentals legal in San Francisco and/or in general?
San Francisco's law before 2014's so-called "Airbnb law" was black and white, what Airbnb was promoting was illegal. Administrative Code Section 41(a) used to forbid renting out residential units for "tourist or transient use", which is defined as rentals of less than 30 days. San Francisco made a surprising, and thorough, attempt to legalize but regulate short term rentals in 2014, the "Airbnb law". Here is a non-final version of the legislation that was passed to amend the law.Technically, it's not Airbnb that violated the law, they're just a listing service. It's the individual owner who rents out units that weren't legal to rent, and also owners that rent to businesses that allow it, and businesses to allow it. By promoting the rentals, setting rules, and handling the money, Airbnb could be seen as a participant in the acts, or allowing the acts, but it's not clear that this truly snags Airbnb. It also doesn't seem to apply to apartment renters who sub-rent.I don't see any loophole for Airbnb, HomeAway,  VRBO, or anyone else.  Perhaps they thought they had one, but Airbnb's website until recently promoted people to complain about the law rather than arguing that they didn't violate it. They were walking a tightrope, because they couldn't assure owners it's legal for fear of being wrong, yet they couldn't tell them it's illegal lest they admit to taking illegal lodging funds.There are strong reasons for these laws, not just the stated concern that tourist / executive lodging takes long-term residential housing off the market, increases rent prices, and undermines rent control laws. Real hotels are subject to myriad rules to protect customers and the neighbors - fire safety, security, inspections, disabled access, etc. They go through planning and get approved. They're accountable for ripping off customers and vice-versa.Another thing - even when a tourist rental doesn't violate the hotel law, it probably violates your rental agreement if you're a renter, your CC&Rs if you're a condo owner, and probably some zoning codes and other local rules.Unregulated rentals have a potential for abuse, and the legitimate businesses feel they're unjustly penalized for following the laws. Not everyone wants daily and weekly tourists roaming their building or neighborhood. Some of that is just due to an "not in my back yard" attitude, but they might have a point. Residential areas are quiet, with responsible neighbors and just enough parking. Short-term visitors cause noise, congestion, and wear and tear on neighborhood resources.Not every short term hotelier is a regular person just trying to swap apartments or make a few bucks - there are shady slumlords, developers, and others out there who make mint running illegal operations. You may recall one of the biggest, CitiApartments / Lembe, that caused tremendous harm to the San Francisco market for years with illegal evictions, unlicensed conversion of entire buildings to executive rentals, harassing and abusing tenants, distorting real estate prices, and eventually, bankruptcies and foreclosures that left a lot of people holding the bag.The new law is a little bit restrictive because it doesn't permit professional hosts. You have to: (a) be a permanent resident of a unit in order to rent it out, and you can't rent out the whole unit for more than 90 days (it's okay to rent out part for more than 90 days, if you are still living there), (b) carry $500K of insurance directly or through Airbnb, and (c) collect and pay the hotel tax. Beneficiaries of rent control cannot charge renters more than they are paying the landlord.
How many days will it take to get a registered room rent agreement?
Making an agreement exactly takes the time to travel from the place you are currently living to a Co-operative Bank (e-stamping) or a Sub-registrar office (franking). Following are the steps to get it done.Get the agreement prepared in a word document and get it proofread by owner and a lawyer if you think its necessary.Travel to the said places near your vicinity before 3:30 PM on weekdays.In case of e-stamping take the stamp paper of the required denomination (we generally take 100 rs, actually it has to be some X% of the deal value which is usually not possible). And then get the agreement printed in the second half of this paper continued on normal papers.In case of franking, you have to get the printed agreement stamped and signed at Sub-Registrar office.Once any one of the above is done, you have to make then sure that you take a photocopy of it and get both the document signed by both the parties.Keep original for yourself and give the Xerox to the other party.If you need any assistance in it, please write to us at contact[at]simplyguest[dot]com, and we should be able to help you out with whatever templates and process knowledge we have.