Legal Question in Landlord & Tenant Law in India
Enter your question here... I want giv my house (todays value 30 lakhs) on lease for 4.5 lakhs, i am paying housing loan (balance 4 lakhs to complete the loan) and made an agreement with the leasee for 3years and also gave documents about the loan, but the leasee also wants a copy of the sale deed. Is it ok to give a copy of the sale deed, can there be any fraudulant activites if i giv a sale deed..?
2 Answers from Attorneys
05.06.2012
Dear Sir / Madam,
There is no question of a Sale Deed since there is no sale of property involved.
You need to make an Agreement for Leave and License (ALL) for a period of 3 years and pay the prevailing Stamp Duty thereon. There is no harm in giving a copy of the ALL to the licensee for his record.
You can mail me for any further on-line advice at [email protected]
Regards,
as a matter of fact, the tenant may be interested in ascertaining your ownership as he is spending a good amount of money as rent. you may show him the documents for his satisfaction.
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