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Can I rent out my personal car to some people
08-Jul-2023 (In Civil Law)
If I want to rent my personal car to some people, what are the legal procedures for doing the same? I want to rent out my car to some people in my city. They wanted to get extra car for going to other city on vacation. That means I won’t be driving the vehicle and they would just be renting out my car. I want to understand how can I do it legally and what are the things to keep in mind. Thanks.
Dear
You may rent a car as far as you are not earning any income out of it!
Legally you cannot rent out a personal car which is not registered as a commercial vehicle. leasing a personal car in india is banned under motors vehicle act.
Conclusion: You may rent out a car provided you change the car from personal car to the commercial car.
There is another way out, but i cannot share it here. Regards
You may rent a car as far as you are not earning any income out of it!
Legally you cannot rent out a personal car which is not registered as a commercial vehicle. leasing a personal car in india is banned under motors vehicle act.
Conclusion: You may rent out a car provided you change the car from personal car to the commercial car.
There is another way out, but i cannot share it here. Regards
Helpful?
274+
274+
Adv. Himanshu Nagarkar
Pune | 25+ Answers
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Just get Rs.100 stamp and make an agreement with him. And mention the terms and conditions as per duty and responsibility of the person hiring the car.
the document can be titled as HIRE - PURCHASE AGREEMENT or just Agreement.
the document can be titled as HIRE - PURCHASE AGREEMENT or just Agreement.
Helpful?
50+
50+
Do u have insurance for ur vehicle?
Make an MOU for renting car legally.Get the notary for the same.
If you don't create MOU then u will be liable for legal consequences.
Specifically drafted MOU will save u from all kinds of any liabilaity.
If there is an accident then the driver is wholly liable for it and not u liable for his act.
Make an MOU for renting car legally.Get the notary for the same.
If you don't create MOU then u will be liable for legal consequences.
Specifically drafted MOU will save u from all kinds of any liabilaity.
If there is an accident then the driver is wholly liable for it and not u liable for his act.
Helpful?
92+
92+
Adv. Bharat Pandirao Pawar
Pune | 500+ Answers
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