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vishal (Owner)     20 June 2010

Business Conducting document

Hi Friends,

I want to know what is a business conducting document. I want to open a restaurent at a rented space. The owner is asking to make the aggrement as the Business Conducting document.

1. I want to know what are the advantages and disadvantages of this.

2. Does this give any right of my business to the owner of the property.

3. Can I take the loan on for the business on the basis of this aggrement .

 

Thanks in advance.

Urgent help needed.

Vishal Shelke

 



Learning

 1 Replies

adv. rajeev ( rajoo ) (practicing advocate)     21 June 2010

Rent/lease agreement between you and the owner.

Permission issueed by the concerned the Municpality  to run the restruant

Rent/lease agreement doesnt give any rights to the owner.

You cannot take loan on the above said deed.


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