Encroachment-not a serious offence

Encroachment refers to entering or inhabiting a property without prior permission. The government officials have not been austere in this matter as breaking the encroachment law is a common scenario. We have seen shops which extend their premises beyond the boundary limit. When one person breaks the rule, several others follow.

The shop owners believe that by paying a little extra to the police officials they can conceal their illegalities and this practice has been prevalent from ages. An offender friendly legal system is designed so that one can ditch the officials and prove their property to be legal.

A recent issue that was sworn in by the media and the government is the encroachment of forest land to build residential buildings. The residents were flabbergasted to know that their house is on a forest land though they had no complications while acquiring the property. Some banks blocked the loan procedures leaving the individual handicapped and trapped. The government has passed out cautioning not to create third party rights on disputed lands.

Action has been taken but it is not contemplative or stern enough that it would stop others from doing the same.

www.corporatestaysolutions.co.in

For Sale by Owner (FSBO)

When individuals chose to sell their property they either contact an agent or propagate themselves. When the owner decides to handle everything single handedly, the costs or commission that an agent demands is nullified.

Propaganda via internet or newspaper helps acquire multiple responses. You can find out the appropriate price of your land or apartment either from the internet or by collecting information about other properties similar to yours.

When both the buyer and the seller decide to work for a property on their own the expenses are highly reduced. If the buyer opts for an agent, the owner may or may not pay the agent depending on his own will. No agent can enforce the owner to pay commission. In such a situation, the buyer will have to pay all the commission that the agent demands.

If one is not well equipped with knowledge about properties, then it is advisable to first research and find out the righteous costs and then exhibit the value.

A definite way of increasing sale price is providing warranties. Home warranties reduce the concern that a buyer may have regarding the quality of land they are investing into. This gives them an assurance that their decision is unmistaken.

The concept of FSBO is highly rewarding as there is no involvement of a third party. The sole beneficiaries are the owner and the buyer.

-Ari Bakshi

www.corporatestaysolutions.co.in

In-house notary public

By definition, a Notary Public is an impartial public officer, charged with administering oaths, witnessing signatures, and authenticating documents. He may not be a gazetted officer but is appointed by the government to supervise these legal formalities in order the curb illegalities and altercations.

Every company has to go through many legal formalities on a daily basis. The contracts that they sign need to be administered. A third party who can be unbiased while making decisions and support what is right according to the law is mandatory.

Certain companies have in-house notary public as it is more convenient. This economizes the costs as well as the company’s time. The in-house notary is more accustomed to a particular company hence he is aware of it s work culture. The pace of completion of a task is thus enhanced and you can get quick results.

The drawback of an in-house notary public is that he can be partial towards his own company. Falsified documents, notarizing documents not signed in the presence of the Notary Public, or notarizing incomplete documents can take place if the Notary public is prejudiced.

By using the services of an outside Notary Public who has no vested or financial interest in the transaction and is not employed by either part signing the documents, the appearance of impartiality on the part of the Notary Public will remain intact.

-Arti Bakshi

www.corporatestaysolutions.co.in

Designing one’s Apartment

It is said that your home describes your personal characteristics. An elegant home portrays an aristocratic or organized nature of a person. A cluttered home says that the person is lazy, ignorant or having enough on their plate.

The words associated with ones home are relaxation, serene, stress-free, adulation and so on. One longs to get back to their home after a tiring day at work and the sight of returning makes every person happy. If your home is designed to suit your needs, then the level of connection and attachment is enhanced.

When you get the homes designed by an interior decorator, he/she studies the intricacies of your needs and interestedness and develops a project that will be appealing to one and all. By definition the trade of planning the layout and furnishings of an architectural interior is known as Interior Decoration. The decorator performs statistical analysis of the interior and sketches a picture that would be suitable to his/her client.

Depending on the budget the quality of products and services are chosen and a detailed bifurcation of funds is maintained. The drawback here is the immense amount of cost for developing a project and it can be repetitious and wearisome. The surroundings tend to look more of a hotel than home. Thus it becomes necessary to draw a plan that emits all these shortfalls and makes your home look like a home.

Characteristics of a deed

A deed is a signed and sealed legal document which can come into effect while transferring a property from a grantor to a grantee. It is a mutual agreement that ensures that both parties have willingly opted for a task.

A deed can be regarded as a deed if the document clearly mentions that “this is a deed.” It can be regarded as contract-like but some of its aspects differ from a contract. The basic difference is that it does not require a consideration. Considerations are certain elements that both the parties offer or demand before signing a deal.

A deed can also be used when an existing tenant leaves a property prior to the termination date and handles the property to a new tenant.

A third party beneficiary can be allowed to take undertaking in the deed. Thus the doctrine of privity cannot be imposed in this case. Another disparity is that the liability limitation period of a deed can be double that of a contract.

The deed includes the following characteristics:

-Presence of a witness and a competent officer is essential for the deal to come true.

-Also a seal to define the authentication of the document is embossed.

-Existence of outgoing and remaining tenants

-Address of the property under consideration

-Date and other obligations to be followed.

Corporate Stay

What is a service apartment?

- One longs to have the comfort ness of their home when visiting an unfamiliar and alien city. Our service apartments are a perfect solution to this problem. At Laurent and Benon we understand the difficulties of residing in a hotel and hence we have come up with an excellent option for corporate stay. Service Apartments are royally furnished accommodation facilities with features like modular kitchen, sitting area and bedroom.. It’s a perfect solution when it comes to lodging because the services that it provides are a much better alternative to hotels.

Constant commutation due to professional responsibilities contributes to a hectic work schedule hence one needs some time for relaxation and this is exactly what our service apartments provide. The fully furnished apartments are designed to cater the needs of our clients with the help of outstanding services and amenities.

The most striking feature of these apartments is that they are cost effective. The costs are reduced by 50-75% when compared with 5-star hotels. Hence it’s a preferred choice when it comes to long stay and when one requires to ‘feel at home’. Another important aspect is that you are provided with a modular kitchen. It’s seen that often people fall sick when they consume outdoor food. This option allows you to cook your own food or by a chef who cooks in your style.

FSI??????

The Floor Space Index (FSI) or Floor Area Ratio (FAR) is the ratio of the total floor area of buildings on a certain location to the size of the land of that location.

As a formula: Floor Area Ratio = (Total covered area on all floors of all buildings on a certain plot)/(Area of the plot)

Thus, an FSI of 2.0 would indicate that the total floor area of a building is two times the gross area of the plot on which it is constructed

Floor Area Ratio in zoning

The Floor Area Ratio can be used in zoning to limit the amount that can be built in a certain area. For example, if the relevant zoning ordinance permits construction on a parcel, and construction must adhere to a .1 floor area ratio, then the total area of all floors in all buildings constructed on the parcel must be no more than one-tenth the area of the parcel itself.

A builder can plan for either a single-story building consuming the entire allowable area in one floor, or a multi-story building that rises higher above the plane of the land, but which must consequently result in a smaller footprint than would a single-story building of the same total floor area. By combining the horizontal and vertical limits into a single figure, some flexibility is permitted in building design, while achieving a hard limit on at least one measure of overall size. One advantage to fixing this parameter, as opposed to others such as height, width, or length, is that floor area correlates well with other considerations relevant to zoning regulation, such as total parking that would be required for an office building, total number of units that might be available for residential use, total load on municipal services, etc. The amounts of these things tend to be constant for a given total floor area, regardless of how that area is distributed horizontally and vertically.

By Nilesh Shah