Rent agreement

Querist : Anonymous (Querist) 15 October 2015 This query is : Resolved
I want to know that, if I am a owner of an firm and it is constructed at a land which is my brothers, and now if I want to take loan on the firm (not on land),could I needed an rent agreement,if yes then can I take a notarised agreement.?

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Anirudh (Expert) 15 October 2015
From your query it is clear that your Firm is an 'unregistered' Firm. This I am saying because, if you are a Registered Firm, then at the time of Registration itself, you would have been required to produce (i) if you are the owner of the premises - the proof of ownership of the premises from which the business is being carried on; or (ii) if a tenant in the premises - (a) to produce the consent letter from the owner and (b) also the documents which would show that he is the owner of the premises and (c) the rent/lease agreement.

It is not clear what do you mean by loan on the Firm (not on land). Clarify.

P. Venu (Expert) 15 October 2015
Why so many "ifs"? Is this not a real query?

R.K Nanda (Expert) 15 October 2015
no reply 2aq.

Rajendra K Goyal (Expert) 15 October 2015
No reply to query from anonymous.

K.S.Srinivas (Expert) 15 October 2015
Agreed with Sri Anirudh.

T. Kalaiselvan, Advocate (Expert) 18 October 2015
Though an anonymous query, you may answer the queries raised by expert Mr. Anirudh so that you will get a proper opinion.

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