Legal Aspects of Landlord-Tenant Disputes in Commercial Realty
Increasing unemployment levels, stock market crashes, and supply chain disruptions are only some of the effects of the COVID-19 outbreak. Many more underlying repercussions shall unfold over time. With most Indian businesses adversely affected owing to the nation-wide lockdown implemented by the Central Government to curb the spread of the virus, the Commercial Real Estate Sector (CRE) […]
The impact of COVID-19 on the landlord-tenant relationship
Sequoia Capital, a leading venture capital company, termed the novel Coronavirus as the ‘Black Swan of 2020’. Black swans are rare, and so is this virus. The pandemic has been spreading at an alarming rate, pushing economies to an unprecedented standstill, and placing a period on the rental incomes of landlords. In the wake of […]
COVID-19: The rising prominence of Force Majeure under RERA
The slow-balisation of world economies due to the COVID-19 outbreak has frozen funds, immobilized citizens and put a halt to the growth of several industries. The real estate sector has not been spared, owing to lack of labor availability due to vast numbers of the same migrating back to their hometowns, and declining asset prices, […]
How to deal with commercial and construction disputes due to COVID-19
Commercial disputes will be inevitable in the post-COVID-19 world. Sonam Chandwani, Managing Partner at KS Legal & Associates and head of its Corporate Litigation Practice, specialises in commercial structures, litigation and mergers & acquisitions. She details the best way to resolve any commercial disputes in the ‘new normal’: One of the unintended consequences of the stringent […]
Force Majeure invoked! What happens to real estate now?
The world is in a stasis with the Novel Coronavirus (COVID-19) infecting millions of people world over. Industries have come to a standstill and likewise, the land business is not saved either. Resources and incomes fall faster than expenditures in a crisis. The slow-balisation of economies under COVID-19 pretext has immobilized citizens, frozen funds, thus […]
How to avoid landlord-tenant dispute amid COVID-19 crisis
Mere announcements in the absence of government ordinances for deference of rent do not legally absolve tenants from rental dues. The transmission of a virus with flu-like symptoms has pushed world economies to an unprecedented standstill. Stock market crashes, mass unemployment, and disruptions hinting a recession – are only the tip of the iceberg and […]
A Homebuyer’s Tri-lemma: An Analysis of Provisions under CPA, RERA and IBC, 2016
If we look into the remedies available under the Consumer Protection Act, 1986 (CPA) and the Real Estate (Regulation and Development) Act, 2016 (RERA) along with IBC, 2016. Real Estate (Regulation and Development) Act, 2016 (RERA) seeks to provide uniform laws throughout the country, for protecting the interest of home buyers and seeks to increase transparency in the functioning of […]