Kiraya

Kiraya is a term derived from the Hindi language, meaning "rent" or "lease." It is commonly used in South Asia, particularly in India, to refer to the payment made by tenants to landlords for the use of property. The concept of kiraya is deeply rooted in the cultural and economic fabric of the region, reflecting the traditional practice of land ownership and tenancy.

In urban areas, kiraya is often associated with residential properties, such as apartments and houses, where individuals or families pay a monthly or annual fee to live in a rented space. The kiraya system provides a means for people to access housing without the financial burden of purchasing property outright. It also allows landlords to generate income from their properties.

Kiraya agreements typically outline the terms and conditions of the tenancy, including the duration of the lease, the amount of rent, and any additional fees or charges. These agreements may also include provisions for maintenance, repairs, and the use of common areas within a building or complex.

The kiraya system has evolved over time, with the advent of online platforms and digital payment methods making it easier for tenants and landlords to manage their rental agreements. However, it remains an essential aspect of the housing market in many parts of South Asia, reflecting the region's diverse and dynamic economic landscape.