Rent clause in partnership deeds

chaman lal (Querist) 11 December 2012 This query is : Resolved
hello friends

1) i want to know that Is rent clause is essential in partner shipdeed if any rent paid to any partner

2) if yes that what is the legal content of rent clause and how it draft in deed

please reply as early as possible ,it urgent need me
i will very thankful to you
chaman lal
thanking you

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Raj Kumar Makkad (Expert) 11 December 2012
1). It is not essential as per Act but practically is is required.

2). Not applicable due to reply of first query.

I have replied within 2 minutes of your posting so i think this is as ealliest as possible.

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