Flat giving to Co-op Bank on rent basis

Arun (Querist) 29 March 2010 This query is : Resolved
We are going to give a flat on rent basis to co-op bank. flat is in pune.

Plz tell, is registration required? which docs required?

Plz suggest ASAP.

THANX

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Raj Kumar Makkad (Expert) 29 March 2010
It shall be better if lease-deed for a specific time (say 5 years) is executed in the given case which requires due registration and all charges are to be borne by bank itself as per provision.

Arun (Querist) 30 March 2010
Thanx Sir

Sir,

is registration compulsory for 11 months period?

Raj Kumar Makkad (Expert) 30 March 2010
Yes. It is necessary.

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