Rental agreement

nimmala (Querist) 30 July 2015 This query is : Resolved
Father owns a house and expired. Now we wanted to rent it out for 11 months agreement @ 4200 pm in the name of our mother. How much Stamp is required (NJS).Mother has three childrens & one has expired. Can her younger son act as a caretaker and sign the agreement due to mum being old and uneducated.

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P. Venu (Expert) 31 July 2015
Mother can give PoA. Stamp varies from State to State.

M V Gupta (Expert) 01 August 2015
On the death of the father intestate (i.e., with out making a will) ALL HIS PROPERTIES ARE INHERITED BY HIS SONS, DAUGHTERS AND WIDOW WITH EQUAL SHARES. In the absence of partition amongst his heirs, it becomes HUF property and the eldest male member of the family will deal with the property as Karta. He can let out the property as Karta and sign the requisite lease or license agreement and register it. Signature of other members of the family is not necessary.

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