Shop on pagdi
This query is : Resolved
22 November 2011
Sir,
My father has a shop on pagdi on rent basis for around 19 years. We want to give it on rent to some third party, but the landlord is asking to pay 40% of the rent which we will receive for every month. Please suggest how can we sublet the shop in the right manner?
My father has a shop on pagdi on rent basis for around 19 years. We want to give it on rent to some third party, but the landlord is asking to pay 40% of the rent which we will receive for every month. Please suggest how can we sublet the shop in the right manner?
23 November 2011
It depends on the agreement.
And, I think your father may have to pay what the landlord is asking, if nothing is specified. If you go ahead with the arrangement, do it in writing. Else he may frame the case and make it a ground for eviction.
Read this:
http://www.lawyersclubindia.com/experts/Pagri-Shop-202526.asp
And, I think your father may have to pay what the landlord is asking, if nothing is specified. If you go ahead with the arrangement, do it in writing. Else he may frame the case and make it a ground for eviction.
Read this:
http://www.lawyersclubindia.com/experts/Pagri-Shop-202526.asp
Message likes :
1 times
23 November 2011
Thanks sir,
We are already considering to negotiate with landlord and settle it at a lower price but is it OK to pay the landlord a fixed percent of rent every month?
Is there any other way to "sublet" the shop with landlord's consent, like obtaining a N.O.C. ?
We are already considering to negotiate with landlord and settle it at a lower price but is it OK to pay the landlord a fixed percent of rent every month?
Is there any other way to "sublet" the shop with landlord's consent, like obtaining a N.O.C. ?
01 December 2011
Yes, you should do it in writing and legally.
Paying a fixed % of your rent income from subletting will be good, as it would help you prove your stand(that you sublet it with your landlords consent) in future in case any dispute arises.
Paying a fixed % of your rent income from subletting will be good, as it would help you prove your stand(that you sublet it with your landlords consent) in future in case any dispute arises.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Is online PGCE worth it?
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
