Legal Question in Real Estate Law in India

Hello im a citizen of delhi and I h a flat in delhi witch I rented to a person who is a businessman. I mad a rent agreement in court 11month leas deed.. and get the p t c cheque in advance... so please advice me to it is ok for my futer or I hsve to take some more protection before give my home to be rent... my rent is 7500. Pls give me advice


Asked on 3/28/14, 4:07 am

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

28.03.2014

Dear Sir / Madam,

An Agreement for Leave and License (ALL) usually comprises of a Security Deposit amount (normally comprising of two months lease charges) and a monthly compensation as lease charges. The Security Deposit is to safeguard that the Owner has an amount in case the Licensee fails to pay the lease charges for a month or two anytime during the ALL tenure, or other unpaid or pending operating charges like electricity, water, cable, parking, etc which normally have to be borne by the Licensee over and above the monthly lease charges.

Regards,

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Answered on 3/28/14, 7:45 am


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