643+ Lawyers are online 
Rent agreement for a joint property in absence a joint bank account
07-Aug-2023 (In Property Law)
I want to rent a property owned by Father and son. They don't have joint bank account. I have to deposit refundable 4 lakhs to the son account. We are decided to registered the rent agreement I mean Father & Son and me. I would like to do safe transaction between us to avoid any dispute raised in future like 1) If son would have faced unforseen/mishap. 2)Is any docs should father signed to secure my refundable deposit over a period of time. Kindly suggest
Ask father to give NOC in the name of his son. Include a clause of payment in the agreement mentioning details and disclaimer in respect of Father. Make a payment receipt as signatures of both Father and son would be appeared on same.
Helpful?
Adv. Sanjay Nana Ranpise
Mumbai | 25+ Answers
CONTACT NOW
Sirji for that a smiple a way open joint bank account. Or make a agreement from ur son and father. Or take a power of atorny from ur father and son in ur name simple way is that. And when u deposited amount in ur sons name bank account it is binding upon him
Helpful?
Adv. Bipin Agrawal
Mumbai | 100+ Answers
CONTACT NOW
This is my response to you:
1. You can specify the terms of payment in the rent agreement;
2. You can also decide which account the money will be transferred to;
3. You will also sign an indemnity bond with them where the father and son and if they have a dispute, such a dispute will not cause any inconvenience to you;
4. Consult a local lawyer and show him the documents available to you.
1. You can specify the terms of payment in the rent agreement;
2. You can also decide which account the money will be transferred to;
3. You will also sign an indemnity bond with them where the father and son and if they have a dispute, such a dispute will not cause any inconvenience to you;
4. Consult a local lawyer and show him the documents available to you.
Helpful?
Adv. Gowaal Padavi
Mumbai | 500+ Answers
CONTACT NOW
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Property lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
