Ankit
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Rental agreement advice
Q: Hi I have a residential row house to let in Surat, Gujarat under Surat Municipal Corporation jurisdiction. I also have a prospective tenant. My question is this tenant would like to use my residential property for his office (commercial) purpose. Society members/chairman DO NOT have any issue with this arrangement. But I would like things on documented and the right way. 1 - So, what formalities I have to do in order to get any clearances(local corporation) required if any. 2 - what does the tenant have to produce for the same? 3 - what are the tax implications? 4 - what kind of agreement is ideal for tenure of 1yr or 3yrs.

Latest Answer: Thank you all, I have the acceptance from the housing society. Also the nature of business is a Management consultancy who just needs space for team to work, most of the work would be at their clients place.

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