Lease agreement
BS SUJAY KUMAR
(Querist) 23 April 2016
This query is : Resolved
Dear Sir,
I am planning to shift into a independent house for lease amount of 15lakhs for 3years duration. My owner stays in Norway. He had taken all our members aadhar card, voter ID and my fathers pan copy. He is saying us to transfer amount through RTGS in 3 parts in 3 days means 5 lakhs on each day. He said he had given GPA to his brother who stays in another city will come and sign the agreement once you transfer the amount. He said to make agreement in 500 rupees paper. Later after 15days I will come to India and I will sign.
Now what's the security to our amount, once we transfer the amount if he won't turn back.
So please suggest me what to do immediately.
Surrender K Singal
(Expert) 23 April 2016
What about possession ? Why can't he get the money after he comes to India so that payment can be against signing / possession
Rajendra K Goyal
(Expert) 24 April 2016
Get the POA checked through your lawyer.
Possession, lease deed and payment should be simultaneous.
Raj Kumar Makkad
(Expert) 26 April 2016
The demand of the owner/landlord is highly riskful for you. Either wait till he returns to India or get checked GPA minutely and then execute the lease-deed, get valid and actual possession and make transfer of lease-money simultaneously to be safer side.
