Rent agreement has to be signed both by you and your wife as both are co owners of property
Renting of property
I co-own a property with my wife. We both wish to rent it out. On the rent agreement is is legally acceptable to put one of our names as the Lessor instead of both names
Asked 4 years ago in Property Law
Religion: Hindu
8 Answers
Yes both the names should be put otherwise the rent agreement will not be valid.
Yes, you may mention only one name as lessor in the lease agreement.
Since you both are joint owners of the property and either of you wish to lease it out to the tenant, either of you may execute a POA deed in favor of the other owner authorising him/her to let the property on lease/rent on behalf of other owner too.
This arrangement will be legally valid and can prevent any litigation in future.
Hello,
1.It is absolutely fine to put the name of either of you pr both as long as you both are agreeable to renting the apartment.
.2 As both of you are the co-owners, there is no requirement of a Power of Attorney to the other for renting.
- Since you both of you are co-owner of the property , then the rent agreement should be signed by both the parties
- However , if one of you unable to sign the same , then it can be done after executing POA in favour of other .
It is perfectly legal to have only one of the co-owners execute the rent agreement as landlord.
Yes you can rent it by one name but it is advisable to mention her as co-owner. Anyway there is no legal problem if you write your name only. In this case suggest you to take a power of attorney from your wife regarding dealing with the renting of property.
Regards
