Hi ,
A company approched me for a rent with 3 years agreement and I am planing to give the house for rental. Please explain me the complications and suggest me giving best option rental to corporate or individual
Thanks in Advance.
1 Replies
Mihir
(Wealth Manager)
(5293 Points)
Replied 08 April 2014
You may give the house on rent but avoid a lease agreement. Also, register the leave and licence agreement. If the rental is over Rs. 180,000/-, they shall deduct TDS, and you will have to make sure they deduct and deposit the TDS correctly and on time. Take refundable deposit and monthly rent. If you want the rent to increase by 5%- 10% each year, then clearly mention it in a separate clause in the agreement. Take the details of the company ie MOA & AOA, name, address of directors, etc.
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