Rent agreement

Better enter as an agreement with Individual capacity as well as Company with all director.

Regadds,

Zoheb Khatri

You enter into rent agreemernt with company and signed by direcotors which would serve both the purposes if in inependent capacity for their prsonal default youcan sue them only for  arrears of rent whereas If it is a company if they commit any fraud piercing the veil of  a company to look at its legal personlity you can sue the directors and you cna sue the company also whih is of greater security.If you appreciae this answer please convey my forum thanks y clcking thanks.

The property is required by the Company and therefore the Rent Agreement should be entered with Company only which can be executed by any Director authorised to enter into Rent Agreement (obtain board resolution for Director's authority). In case of default by the company you can file winding up petition against the company which cannot be filed against the Director who are individual.

Vaibhav u need to make rent agreement with individual person and not company.

IF any default then that person is answerable to you and not that company.

will u appreciate this answer by clicking thumb on my LCI profile?

It is the company which would be your tenant, if you (both parties) do agree.

Accordingly the company shall have to pass a resolution authorising one of its someone (Official/Director) to execute the Lease and Licence agreement and get it registered on behalf of Company, which is a fictitious entity/person, in law.

Just like banks u obtain power of attorney of executer granted by Co. Lease should be for 11 months without any registeration but exceeding 11 months it must be registered containg blocks of lease 3 or 5 yrs with 15 to 25 % rise after each block with option to party as decided.Individual agreement be avoided else u cannot sue co. for any default. M-7830776602