Lease

Querist : Anonymous (Querist) 10 May 2010 This query is : Resolved
I am going to lease a house lease means pay the amount i.e 3 lakhs to the owner of the house for 3 years, after completion the 3 years he will return the money of 3 lakhs to me without any deduction and interest. so i would like to know that this kind of contract how can i execute legally.

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Virender Pankaj (Expert) 10 May 2010
By registered lease deed mentioning all the relevant facts, terms and conditions.

bhagwat patil (Expert) 10 May 2010
Register the contract.

Ashok Yadav (Expert) 10 May 2010
As per my view you are going to give a loan of 3 lac to the owner of the house and you are taking the possession of the house for security and inerest of your loan amount. So you should go for a regd. Mortgage deed insted of a Lease deed.

Raj Kumar Makkad (Expert) 10 May 2010
I agree with Ashok.

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