LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

vivek jain (owner)     10 October 2009

urgent

 sir, i hav a 1.75 acres land in baloda bazar, which, i wanted to lease. i read an advertisement in dainik bhaskar, about a company named AVA & co which wanted lands in my region. I contacted them, sent my property's xerox copy to them. then the company sent a staff which checked the site and after 10 days i got a letter from them that my land has been selected for warehouse, and tower, the rent of which would be 90000 and 21000 respectively, and 2 years rent would be given in advance.

now i contacted them, told them about the letter, then they said that the lease agreement would be of 20 years, and i need to pay them 1,20,000 as security deposit, to which their justification was that they need to spend a lot in basic formalities, so they wanted me to meet them in their office in Gaziabad, UP, and deposit the money which they claim to be refundable...

sir my querry is whether i shuold paYthem that money or not...and are their any glitches in the proposal??

pleas guide me sir!!



Learning

 4 Replies

Bhaskaran Advocate (Lawyer)     10 October 2009

Do not pay, and consult a lawyer. 

Any money if has to be spent then the person who takes property on lease has to spend from his pocket not you.

Good day.

vivek jain (owner)     10 October 2009

 sir thank yu for yur reply... but the party says that the money is refundable, and they will enter into an MOU with me, give a recipt for 120000.... 


(Guest)

Mr.Jain you need not pay any amount. If it is refundable after 20 years how much you are going to get? Take advice from a well known Advocate.

vivek jain (owner)     11 October 2009

sir i m grateful that yu replied. the company says, that at the time of giving advance rent of 2 yrs, they'l pay me 120000 with interst.

sir wat is the actual procedure for leasing out a land... leagaly is a licensor bound to bear some expenses??? 


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register