cpc

partnership firm being the landlord


Dear All,

In case the landlord is a partnership firm with 2 partners. one of the partner passes away. whom should the tenant pay rent? will the partnership deed dissolve.

 
Reply   
 
Advocate

Dear Sir/Madam,


If the lanlord is a partner of a patnership firm with other two partner, and One partner passes away and as per ur statement patnership firm is cancel, on that case other partner will pay rent, or who is running the business, that will pay rent after the patnership firm cancel and before the partnership firm cancel, all the partner will pay rent jointly as per their share, if firm is in loss if firm in profit on that case rent will be paid from his account.


Sanjeev Gupta

 
Reply   
 



very sorry mr. Sanjeev, i think you did not understand my question.


 

 
Reply   
 
ADVOCATE & SOLICITOR divyatta.r@gmail.com

LANDLORD IS PARTNERSHIP FIRM. rent recipt in partnership firm, SO ISSUE RENT RECEIPTIN PATERNSHIO FIRM.


THEN AS PER PARTNERSHIP DEED  PROVISIONS , TO ADD PARTNERS IN ACCOUNTS AND in land records.that's all.

 
Reply   
 
Advocate

May be as per the Terms of the Partnership Deed the Firm with legal heirs  of deceased partners  can  be continued , with effect from the date of death of one Partner .

The dissolution of Partnership is not connected to the Tenant or rents , The Firm may be continiued with the Lrs  of the deceased partner . The Tenant has to pay the rents to the other partner .The  tenant should not become defaulter 

 
Reply   
 

LEAVE A REPLY


    

Your are not logged in . Please login to post replies

Click here to Login / Register  



 

  Search Forum








×

Menu

IPC Grand Course     |    x