About rent act

Querist : Anonymous (Querist) 19 September 2011 This query is : Resolved
i am owner of one flat in ahmedabad gujarat.one multi national company, requires the flat for their employee, for three years. the rent amount is rs.8000 per month. i want to know that in this fact,and matter rent act law is applicable?

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ajay sethi (Expert) 19 September 2011
give your flat on leave and licence basis for 33 months . take proper secuirty deposit . get agreement drafted by lawyer and have it duly stamped and registered .

yes rent act would be applicable

R.Ramachandran (Expert) 19 September 2011
I fully agree with the views of Mr. Sethi. In addition, it should be ensured that the flat is being leased out/rented out only to the Company and not to its employee.

prabhakar singh (Expert) 19 September 2011
i am in complete agreement with Mr.Sethi and also Mr.Ramachandran.

Raj Kumar Makkad (Expert) 19 September 2011
I also agree with both experts.

Shailesh Kumar Shah (Expert) 20 September 2011
I do agree with opinion of Mr. Sethi and Mr. Ramachandran.

Rupam Ghosh (Expert) 20 September 2011
Hello, here the terms are clear that you will be leasing out your flat to the Bank for their employee, so sub-letting of the flat is itself clear before you wish to enter into agreement with the Bank. So It very well attracts the law of tenancy if you lease out your flat on complying with legal formalities.

girish shringi (Expert) 23 September 2011
Now-a-days,the trend has become to let the premises up to 9 years,by which one can get Rent discount loan from the Bank.

Hence if any MNC is there,then no harm.

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