Highlighted below are a Number of Taxes payable along with General Expenses incurred for leasing the property.

1.        Fringe Benefit Tax payable by the Employee in case of a Company - Lease – 20% (Tenant to Pay)

2.        Service Tax – Presently only on Commercial Property – 12.36% - (Owners to Pay)

3.        Property Tax on Leasing/Licensing (more in commercial property) - (Owners to Pay)

4.        Stamp Duty and Registration Fees  - (Jointly shared by both the parties in most cases)

5.        Income Tax  - (Owners to Pay)

6.        Society Maintenance/Non – Occupancy Charges charged by the Society - (Owners to Pay)

7.        Municipal Taxes on Property in General – (Owners to Pay)

8.        Incidental Expenses/Consultant Fees/Lawyer Fees (owners and tenant to pay)

9.        Painting / Polishing / Furniture / Maintenance (owners to pay)

10.      Sundry repairs from time to time (owners to pay)

11.      Interest payable @ nearly 11% to the Banks for Purchasing the property.