Query on signing the lease deed

This query is : Resolved

Deepak Maithani (Querist)
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01 July 2010 Dear Professionals,

expert advise required on the below issue :

We have taken a property on lease at kanpur for commercial (Warehosuing) purpose.Lease deed signed between Mrs X and our company.

As a process we have verified the property ownership documents and observed that the owner of the property is the husband of Mrs X.

Might be the above said arrangement is for avoiding the taxes on husband's income.

As a company how can i assure the legal move on this on both the sides ? Shall i ask for a Power of Attorney if yes what will be the contents ?

Pls help asap.

Thanks in anticipation !!!

Regards/Deepak Maithani

Rasesh

Rasesh (Expert)
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02 July 2010 You are correct in your observation. YOu should demand a POA from Mrs. X in favour of his husband giving him specific power to lease the land in favour of any third person and all other incidental matters.