السلام عليكم
Rented Property
"...Praise be to Allaah.
With regard to the property that is rented out,
zakaah must be paid on the rent if it reaches the nisaab(minimum threshold) by itself or when other money is added to it, and one full
hijri year has passed since acquiring it. One quarter of one tenth (2.5%) must be given as
zakaah.
The year for the rent starts from when the rental contract begins...."
1
Zakaat on Houses
"...There is no
zakah due on the houses that a Muslim builds for his family or children, even if their value rises. And
houses that he builds to rent out are not subject to zakah themselves, rather
zakah is due on the rent if it reaches the nisab (minimum amount which has to be possessed for
zakah to be due) and one whole
hijri year has passed.
Houses that he builds in order to sell are subject to zakah, because they are a kind of trade goods, so after one year has passed he should calculate their value and pay
zakah on them, one-quarter of one-tenth of the total value...."
2
Questions can be submitted to the islamqa.info site.
And Allaah knows best.
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1. English:
https://islamqa.info/en/answers/1593...-he-pay-zakaah
Urdu:
https://islamqa.info/ur/answers/1593...8C%DA%AF%D8%A7
2. English:
https://islamqa.info/en/answers/2027...than-one-needs
Urdu:
https://islamqa.info/ur/answers/2027...83%D8%A7%DB%83