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FORM TA 24Payment of 15% Tax on Rents from Residential Lets Article 31D of the Income tax Act (Cap 123) This form is to be used by persons who are opting to pay tax at 15% on rental income from tenements
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01
Start by gathering all the necessary information about the property and the tenant.
02
Fill out the basic details such as the address of the property, the names of both landlord and tenant, and the duration of the letting agreement.
03
Specify the terms and conditions of the tenancy including rent amount, payment due dates, security deposit amount, and any other relevant rules or regulations.
04
Include any additional clauses or provisions that both parties agree upon, such as maintenance responsibilities or restrictions on use of the property.
05
Review the letting agreement carefully with both parties before signing to ensure that everyone is in agreement.
06
Have both landlord and tenant sign the letting agreement and keep a copy for each party for reference.

Who needs letting of residental tenement?

01
Anyone who is renting out a residential property to a tenant needs a letting of residential tenement document. This document serves as a legally binding agreement between the landlord and tenant outlining the terms and conditions of the tenancy.
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Letting of residential tenement refers to the process of leasing or renting out an apartment or house to a tenant for a specific period of time.
Landlords or property owners are required to file letting of residential tenement.
Letting of residential tenement can be filled out through the designated online portal or by submitting a physical form to the appropriate housing authority.
The purpose of letting of residential tenement is to ensure that all rental properties are registered and monitored for compliance with housing regulations.
Information such as property address, landlord's contact information, tenant's information, lease terms, and rental amount must be reported on letting of residential tenement.
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Relevant keywords

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