Query on signing the lease deed

Querist : Anonymous (Querist) 01 July 2010 This query is : Resolved
Dear Professionals,

expert advise required on the below issue :

We have taken a property on lease at kanpur for commercial (Warehosuing) purpose.Lease deed signed between Mrs X and our company.

As a process we have verified the property ownership documents and observed that the owner of the property is the husband of Mrs X.

Might be the above said arrangement is for avoiding the taxes on husband's income.

As a company how can i assure the legal move on this on both the sides ? Shall i ask for a Power of Attorney if yes what will be the contents ?

Pls help asap.

Thanks in anticipation !!!

Regards/Deepak Maithani

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Jayashree Hariharan (Expert) 01 July 2010
Always sign any document only with the owner. POA is a good alternative, since you have already signed the lease deed. But if you take a POA now, it will be post dated, which will not be of use to you, incase any problem occurs, god forbid!

Best is to cancel this and sign another one with the owner. You dont worry about their tax problems, pls. Moreover, lease deed signing will not affect his tax payment in any way, in any case he is the owner.