Loan default and non payment of rent by tenants
We had loaned our tenants 3 lakhs for a medical emergency they had, in cash, with no evidence except for a hand written undertaking from them on a white sheet, that they had taken 3 lakhs and would be repaying within 2 months.
It's been 1 year now and we only kept receiving excuses from them. The tenants hadn't paid rent either for the past 5 months.
We didn't execute any rental agreement with them, nor do we have their identity proofs.
Is there a way we could secure our loaned amount as well as the rent amount by executing some agreement which has legal backing, now?
Asked 4 years ago in Civil Law