While the purchase of Villas Tripunithura is a one-time expense, maintenance is an important recurring cost for preserving the value of your investment, maintenance expenses are normally Rs 5-20 per sq.ft per month for property depending on the quality of the property, and this needs to be factored into yield calculations. Each lease contract is structured differently and a contract may incorporate clauses. To arrive at true it is thus important to look at yields after deducting such expenses. Property tax and taxes on capital gains are the two aspects one needs to familiarize oneself with and consider when evaluating returns and comparing them with those on other asset classes. Apart from the cost of purchase, the cost of acquisition includes stamp duty, registration charges, legal fees, brokerage transfer charges payable to a housing society, and payments made for parking space. For taxation purposes, the date of acquisition is taken as the date of execution of the purchase deed or the date of possession, whichever is earlier. The expression single room occupancy refers to a building that houses people in single rooms. This means that tenants often share bathrooms and kitchens. In many cases, the buildings themselves were formerly hotels in or near a city's central business district. Others are former single family homes. Many of these buildings were built in the late 19th and early 20th centuries, and reflect a high order of architectural style and craftsmanship. Though the facilities do not receive the same standard of maintenance once they become single room occupancy, often enough of the old opulence remains to create an ironic contrast with the tenants who live there.
In law, the word real means relating to a thing as distinguished from a person. Thus the law broadly distinguishes between real property like land and anything affixed to it and personal property like clothing, furniture and money. The conceptual difference was between immovable property, which would transfer title along with the land, and movable property, which a person would retain title to. Assets not counted here are bank deposits, insurance reserve assets, and human assets; also it is not clear if all debt and equity investments are counted in the categories equities and bonds.