Online Copyright Registration in India

Protect your creative work
Books, Songs, film, websites, Software, painting, fashion Design etc
Call now: 09891244487

Ask Our legal Experts, on issues related to Divorce

File Mutual Consent divorce right away

Call at ph no: 9650499965
Search On:Laws in IndiaLawyers Search

To Appeal before CIC - Central Information Commission
For Filing and Hearing contact: Choudhury's law Office
Ph no: 9873628941

Author Topic: advise on type of agreement  (Read 403 times)

0 Members and 1 Guest are viewing this topic.

Offline kchoudhury5

  • Newlaw
  • *
  • Posts: 1
  • Karma: +0/-0
  • Welcome to legal Service India - law forum for free legal Information
    • View Profile
advise on type of agreement
« on: October 01, 2015, 07:22:37 AM »
Hi All
Good evening.
I am having the following query.
I want to give a loan to my friend for 4 lacs, and in turn he will get me his House. And i want to sub let one portion of the house and give as rent other portion of the house.
The period he will keep my money for  2 years.
can anyone suggest me, what kind of agreement i have to make to be hassel free.

Offline adv.amarnath

  • Veteran at Law
  • *****
  • Posts: 1222
  • Karma: +52/-7
  • Advocate Amarnath Sanyal from Kolkata, West Bengal
    • View Profile
Re: advise on type of agreement
« Reply #1 on: October 01, 2015, 11:23:51 AM »
You are confusing yourself. Once you are telling that you are giving loan to your friend and on the same breath you are telling that in turn he is giving his house. Then where is LOAN. You are purchasing his property actually in the eye of law. You must make a registered Deed of Sale in the respect of his property. This will be safer option for you.

Or make a mortgage agreement with your friend against the loan amount within a specific period of return failing which you shall realise your loan form his property or forfeiting the same.
Regards,

Amarnath Sanyal
Advocate
Email - adv.amarnath.sanyal@gmail.com
Mob - 09830303322

 

File a Consumer Complaint
Property verification
Call: 9873628941
 

Lawyers in India - Listed city wise Mumbai
Bangalore
Pune
Pondicherry
Jaipur
lawyers in London
lawyers in Birmingham
Chennai
Allahabad
Ahmedabad
Jodhpur
Indore
lawyers in Toronto
lawyers in Sydney

Cochin
Lucknow
Ranchi
Thane
Janjgir
lawyers in Milan
Johannesburg

Delhi - New Delhi
Chandigarh
Surat
Nashik
lawyers in New York
los Angeles
Kolkata
Hyderabad
Rajkot
Nagpur
lawyers in Dhaka
lawyers in Dubai

Copyright Registration

Ph no: 9891244487

For Mutual consent Divorce in Delhi - Ph no: 9650499965

Home | Bare Acts | Law Forms | Supreme Court Judgments | Legal Advice | Lawyers | Submit article | Sitemap | Contact Us

legal Service India.com is Copyrighted under the Registrar of Copyright Act ( Govt of India) 2000-2016
Get Free legal Advice here from top notch lawyers in India