What is deemed let-out property?

Deepa Bhakuni 51 w

If a person has more than 2 house properties then only 2 are legally mandated as self-occupied and another house property is legally considered as a deemed let-out property. Deemed let-out property is a type of property that is held by an owner but is rented out regularly. Deemed let-out property is a form of taxation in which a property or certain asset is viewed as let out or rented, even if it is not rented out for any period. This type of property is often used for long-term leased real estate, such as an apartment building or office building. This can also include land that is leased out for agricultural purposes or other commercial ventures.

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