Can't only one of both give it rent to a company read more
Dr. DHANWANTARI G. PANCHOLI
(Querist) 25 April 2018
This query is : Resolved
I have a shop and my wife and me are both co owners of the property.
Can't only one of both give it rent to a company (with due consent of the partner)?
That means Can not only one person be LESSOR to the LESSEE?
Another party says no both of you have to be in contract for the registered lease deed.
For that purpose my wife can authorize me and give power of attorney for the rent in this case
Even that they do not agree and insist that both of you have to sign the leased deed.
My question is if there are say 10 or 15 person co owner of the property have all these to sign the rent lease document can't one of them do this by due authorization (by giving power of attorney to one person from all of them)?
Kishor Mehta
(Expert) 26 April 2018
An adjudicated POA from the partner is valid for the execution of a lease deed.