Mahipal Chande 26 July 2023

Rent agreement for partnership firm

One of my client a partnership firm wants to take a premises on lease for business purpose. The landlord is demanding the copy of partnership deed and copy of pan card before signing the rent agreement. Can landlord legally demand such documents?

If not how can landlord get assurance about identity of firm and its partners?

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Quick Summary

A partnership firm is seeking to lease a commercial premise but the landlord is requesting a copy of the partnership deed and the firm's PAN card before signing the rent agreement. While the firm is willing to provide the PAN card and partner KYC, they are hesitant about sharing the partnership deed due to its confidential nature and are questioning the legality of the landlord's demand. Advice is sought on whether the landlord can legally demand these documents and how the firm can assure the landlord of its identity and partners' legitimacy without disclosing the deed.

5 Replies

P. Venu (Advocate) 26 July 2023

What is the problem in making available the said documents?

kavksatyanarayana (subregistrar/supdt.(retired)) 26 July 2023

Then you search for another building for the purpose of office of the firm.

Mahipal Chande 26 July 2023

Sir the lessee does not have any problem in submitting pan card of firm and kyc of partner but as far as partnership deed is concerned the partners are confused whether the they should submit it or not as it a confidential document and moreover they are more confused about legality of the demand of deed by the landlord

Pls guide

T. Kalaiselvan, Advocate (Advocate) 27 July 2023

There is no necessity to produce the partnership deed's copy to the landlord for taking the pemises on lease.

The firm can give a request for renting the premises on lease under its letter head giving a brief details of the business of the firm and the mode of payment of monthly rental and otehr minimum but essential details for the purpose of lease agreement