Check whether partnership firm is registered with registrar of firm
2) registration of lease deed is mandatory
3) check whether as per terms of partnership deed partners are authorised to sign the leas e deed
Leasing to a partnership firm to be registered
While leasing to a partnership firm what are all the precautions/ documents to be taken? Registering the lease deed with partnership firm provides any additional protection?
Asked 4 years ago in Property Law
Religion: Hindu
9 Answers
Any change in partners during the lease period will it affect the original lease agreement to the detriment of the person who is leasing out the property to the partnership firm.
Asked 4 years ago
Subsequent changes will not affect original lease agreement
It's better you go for leave and license agreement instead of lease. Ensure the terms in thr same in the interest of licensor than licensee
- You should take the copy of the partnership deed and if the firm is registered then ask a copy of the same.
- The lease deed must be mentioned that partners of the firm entering into the lease agreement on and behalf of the firm , and this lease deed should be entered by the signatory of the firm.
- Lease deed should be registered from the office of registrar , and the details of the partners must be mentioned therein .
- If any changing in partners takes place , then it will have no effect on the lease deed , however you can mention the same in the lease deed.
No change in the constitution of the partnership firm during the currency of the lease shall affect the terms and conditions of the lease. The lessor need not worry on that score.
Dear Sir
Ensure that the lease deed is registered.
Ensure that the firm itself is registered.
Future changes in the partnership firm cannot affect the lease deed.
Thank you
Giving a property to a firm whether it is partnership or private company or any other company, the lease agreement is to be signed by firm's authorized representative who has been authorized to sign the same by the firm through a resolution.
The resolution copy and the copy of the authorisation letter to be obtained.
This is besides other criteria that are required as per the conditions of the lease agreement.
The change or restructuring of partners may not be a cause of concern until and unless the company issues a letter replacing the previous authorisation letter in favor of newly appointed authorized representative.
Dear Sir,
It must be registered patnership firm and your lease deed must be registered. Further get new lease deed or supplementary lease deed registered if constitution of partners is changed that is new partners are inducted or retired or remove.
