Architect designed 4 Bedroom three storied house built in 2013 with 3 attached and 1 common bathroom (tempered glass shower cubicles and hot water). Large living and dining area with elegant porcelainRead more...
You have to spend more money to buy a house more than buying a land. More people have used to buy a built up house as it costs lot of money to build a house. Some construction companies build and sell houses with their new house projects as a business. If you have designed to buy a house from such institution, we advise you to choose a reliable institution. It is necessary to be careful about the quality of the raw materials used to build the house when a house is bought for an individual or for an institution. Sometimes you Read More
Leasing or renting a house is common in present society, especially in urban areas. Most people used to lease houses for different reasons such as for easy access to profession or their children’s educational necessities. In the meantime, some people who have an extra house try to earn additional income by renting it. Some other people have constructed an annex for solely to rent and some rent a room of their living house. There are so many ways of renting and leasing. But most of lessee and lessor are unaware of prevailing law about renting and leasing. So we can Read More
We have realized that some people have questions about the legal conditions that affect when leasing a house or property under the present Sri Lankan law. Some people inquire us the difference of the rent and the lease. In the meantime, Some Notaries enter a clause saying ‘This agreement does not govern by the Rent Act No. 7 of 1972’, when signing a lease agreement. Why do lease agreements exclude the Rent Act No. 7 of 1972? What is the specialty of this act? Why are lease agreements signed excluding Rent Act? If it say in plain, why do Land Read More
The lease agreement is the document that certifies your protection when you lease out or to lease a house, a land, an office or any other building or any property. When the leased property is not agreeable for your purpose you have the rights to return back the leased property. By the time you enter into a lease, you may deposit a certain considerable sum as a refundable deposit.If you do not get back the deposit, leaving the property after the lease period, or the landlord absconding without offering your deposit, or when the landlord infringing the agreement with you, Read More
Most of times, you buy a land to build your dream mansion; if not, to build a house for your children’s future. Otherwise, to build your business place or to begin a business. Sometimes, you buy a land for a future investment or with a plan to put up for sale with a profit later. When you buy a land for any purpose, you will have to pay large sum of money. Sometimes, you have planned to offer your hard-earned money for it or to get a loan from a bank or an outsider. Buying a land is a huge Read More
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