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Owner requesting amount in cash which he wont display in Rent agreemen


13-Nov-2023 (In Recovery Law)
I am going to rent a shop. The owner says an advance of Rs.175000. But he says he can show Rs. 21000 only as advance in rent agreement and remaining he wants to get in cash. Even if I pay in cash, what kind of the document or methods i can record this transaction? Please help
Answers (1)

Answer #1
947 votes
It’s not advisable to pay the remaining amount in cash, as it may leave you with no clear documentation or legal standing in case of disputes. Request a transparent transaction with a detailed receipt, ensuring the entire advance amount is clearly mentioned in the rent agreement to protect your interests.
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