Dear Learned Members!!!!!
Your guidance is needed on query below !!
20 acres land in Haryana district is in name of different members of a family. Means some of the land is in name of wife ‘A’, some in name of husband ‘B’ and the remaining part is in the name of daughter ‘C’ and son ‘D’ respectively.
‘B’ wants to lease the whole 20 acres land to some company for construction of commercial building. And the Company will consider only ‘B’, the main lessor, and wants to give the whole lease rent to only ‘B’. But, since the wife ‘A’, Son ‘D’, and daughter ‘C’ is also the co-owner of the some portion of the 20 acres land. So, they are also authorized to receive lease amount on their respective portion of the land.
Experienced members please tell whether the ‘B’ can receive the whole lease rent of all 20 acres land himself on behalf of his wife, his son, and his daughter?
If yes, then:-
a) What all are the documents required from the wife, daughter and son’s side to authorize ‘B’ to collect all lease rent on their behalf?
b) What should be the standard Lease Agreement if the above mentioned fact is to be considered in order to avoid any legal dispute (if any) arise in future between all the family members.
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Regards
Shefali Tripathi
Company Secretaries
