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sundar sastri jain (Querist) 22 June 2014 This query is : Resolved
I am proposing to give a shop on rent fetching 22,000/- as rent.There are 4 legal heirs being lessor in equal share.We want to know,Whether, 1 single rental agreement be sufficient covering all 4 lessors OR Separate rental agreement for each lessor.

Pls suggest Respected Experts as my advocate and ca is different.

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Anirudh (Expert) 22 June 2014
Who is the owner of the shop?

sundar sastri jain (Querist) 22 June 2014
4 legal heirs incl me

Anirudh (Expert) 22 June 2014
One lease agreement (executed by all the legal heirs) is enough. If you desire that the lease rental be paid by the lessee in 4 equal instalments, you can specify so in the agreement itself.