Commercial vs. Residential Property: Legal Differences

Commercial and residential properties have different legal requirements. Here are the key differences:

Residential Property

• Used for living purposes
• Lower registration fees
• Tenant protection laws apply
• Restricted business use
• Lower GST (1% or exemption)

Commercial Property

• Used for business purposes
• Higher registration fees
• Different lease regulations
• Multiple business uses allowed
• Higher GST (5% or 18%)
• More flexibility in terms

Key Legal Differences

• Zoning restrictions differ
• Rent control laws vary
• Deposit amounts differ
• Tax treatment differs
• Eviction procedures differ

Key Point

Ensure property classification matches intended use to avoid legal complications.

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