Lease for co-ownership property
ashit
(Querist) 10 August 2011
This query is : Resolved
Is lease agreement made with one single Co-owner of Co-ownership property is valid? If so, is it valid by taking the permission from other Co-owner in the form of an Affidavit?
Can agreement can be made with a single Co-owner by taking permission from other co-owners in the form of an Affidavit?
Kindly advise me in case of
1) Co-ownership of wife and husband
2) Co-ownership of other than wife and husband
ajay sethi
(Expert) 10 August 2011
no . both the co owners have to be party to lease agreement . mere affidavit wont do
M/s. Y-not legal services
(Expert) 11 August 2011
No you can't not entered in to any agreement with one co-owner alone. If the bother co owner already gave any p.o.a mean you can. Unless both parties have to sign in that agreement.
M V Gupta
(Expert) 12 August 2011
I agree with the above views.