We will see about the taxes payble and the general expenses while leasing the property. Below are the list.

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

2.        Fringe Benefit Tax payable by the Employee if its a Company - Lease – 20% (Tenant to Pay)

3.        Property Tax on Leasing/Licensing (commercial property incurs additional tax) - (Payable by Owners)
 
4.        Stamp Duty and Registration Fees  - (Shared by both the parties in most cases)

5.        Income Tax  - (Owners to Pay)

6.        Municipal Taxes on Property in General – (Owners to Pay)
 
7.        Incidental Expenses/Consultant Fees/Lawyer Fees (Payable by Owners and Tenant)
 
8.        Painting / Polishing / Furniture / Maintenance (Payable by Owners)
 
9.        Sundry repairs from time to time (Payable by Owners)
 
10.      Interest payable at nearly 11% to the Banks for Purchasing the property.