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Contracts and Agreement

Do you believe in perfection, so that you could just avoid rework? That is exactly what you could be achieving if Memorandum of Association (MoA) the document that is considered the charter of the company is drafted with perfection and validated by law. Critics, you might just say, entrepreneurs hardly have the time or expertise to quality check these documents.  Well, imagine when you plan to raise funding, and add directors to the company’s board of directors, the investor would hesitate to associate himself with your firm because the MOA that you long back drafted is hardly a valid one. In this blog we shall look into How to validate your Memorandum of Association Document?

MOA comprises of all the objectives, rights, liabilities, mentioned therein, in relation to constitution of proposed Company and which is recognized by law as valid, acceptable and binding on all those subscribing to such Charter and all those who deal with the Company formed.

For every Company which is required to be registered under the provisions of the Companies Act 956 it is mandatory to draft and submit a copy of Memorandum of Association keeping in mind, the provisions of the Act. It may be noted that in terms of provisions of section 13 read with sec 14 and 15 of the Act

A Memorandum of Association generally has following clauses:


Name Clause
: This clause contains full of the Company as incorporated.

  • Complete name of the Company with word Limited in the case of a public limited company or Private Limited in the case of a private limited company;
  • The State in which the registered office of the company is situated

Registered Office Clause: This clause indicates the jurisdiction of Corporate Regulator, under which the Company’s registered office falls.


Objects Clause: This clause indicates the objects for which Company is incorporated. The objects which are part of main business activities which Company wish to attain immediately after it is incorporated. These objects needs to be very clear and should encompass all the activities such as manufacture, sale, trade, import, export, exchange etc.,


Liability Clause: This clause tells about limit on monetary liability of each member towards the Company. Where the proposed Company, is a Company limited by shares, the Memorandum of such Company shall also state that the liability of its members is limited.

In case of Company limited by guarantee, the Liability clause state the amount each member undertakes to contribute to the assets of the company in the event of its being wound up while he is a member or within one year after he ceases to be a member, for payment of the debts and liabilities of the company, or of such debts and liabilities of the company as may have been contracted before he ceases to be a member, as the case may be, and of the costs, charges and expenses of winding up, and for adjustment of the rights of the contributors among themselves, such amount as may be required, not exceeding a specified amount.


Capital Clause: This clause denotes the maximum capital which Company can raise at given point of time. In the case of a company having a share capital, the Memorandum shall also state:

(a) The amount of share capital in form of Authorized Share Capital with which the company is to be registered and the division thereof into shares of a fixed amount.

(b) Minimum paid Capital in the form of Paid up


Subscription OR Association Clause: This clause is in the nature of Declaration and Undertaking given by all the subscribers to Memorandum of Association to the effect they have agreed to form a Company and further undertake that they will pay for the shares agreed to subscribe.



Now that you know the clauses that should be verified as the first level of quality check, let’s look at the next level of quality check.



Things you should not make any mistakes:

  • The name of the Company appearing in the MoA should match EXACTLY with the as approved by the Registrar of Companies (RoC)
  • The jurisdiction of RoC to be mentioned in Registered Office (Domicile Clause) should be based on location district of the state.
  • Shareholder while making the investment in any company must possess the information regarding the business plans of the company, these object clauses serve the purpose of providing the information to the shareholder about the prospects of the company
  • The objects which Company wish to attain immediately after it is incorporated. These objects which are part of main business activities needs to be very clear and should encompass all the activities such as manufacture, sale, trade, import, export, exchange, etc.,
  • Covering maximum possible activities as a part of main object provide the clarity for the Company and outsiders dealing with the Company about its exact nature of business. Activities such as seeking mandatory registrations, enrollments, bank accounts, marketing and business promotion, staff welfare, borrowing powers, power to take-over new business, merger & amalgamation empowerment of the Company, if included would be best to maintain transparency.
  • A proposed Company whose main object comprise of : ‘Insurance’ , ‘Bank’ , ‘Stock Exchange’ , ‘Venture Capital’ , ‘Asset Management’ , ‘Nidhi’ , ‘Mutual fund’ the Company will be allowed to be incorporated only after in-principle approval is obtained from concern Sectorial Regulator such as RBI, IRDA, SEBI etc.
  • Where a Foreign Company proposed to incorporate a Company in India, it is mandatory that Certificate of Incorporation of such Company issued in the country of registration and resolution of its Board of Directors duly Apostle/ certified by Indian Consulate Officer is submitted. Further in case Memorandum of Association is executed outside India then such Memorandum of Association and Articles of Association is required to be Appostile/ certified by Indian Consulate Officer.



For the complete validation process, it should ideally take just a few hours, and in case you cannot provide the time, then get it done by an experienced lawyer or a CA that provides a note of guarantee. Something that we at Wazzeer assure our clients. Guarantee.

 

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Agreements, Contracts and Agreement, Joint Venture Agreement

For an Indian company can partner with a Foreign Company, Joint Venture is the solution. This article will talk on the lines of eligibility criteria, power distribution, and taxations involved.

Indian joint ventures usually comprise two or more individuals or companies, one of whom may be nonresident, who come together to form an Indian private or public limited company, holding agreed portions of its share capital. A joint venture agreement primarily provides rules by which the shareholders of the joint venture company may transfer or dispose of their shares. It is also commonly referred to as a shareholder’s agreement.

Remember, In order to protect sensitive business information from being divulged to others, confidentiality and non-disclosure agreements are entered into, prior to commencing negotiations of Joint Venture. Which we Wazzeerians think is the best practices of negotiation.

Key Eligibility Criteria:

  1. In certain areas such as telecommunications, drugs & pharmaceuticals, hotel & tourism, or advertising foreign investment up to 50%, 51% and/or 74% in the Joint venture without RBI approval.
  2. For more than 74% of the total equity in a joint venture company or to establish a Wholly Owned Subsidiary (WOS), permission must be obtained either from the Foreign Investment Promotion Board (“FIPB”) or the Secretariat of Industrial Approvals (“SIA”). Foreign companies not wanting to tie up with an Indian partner may establish liaison, branch or project offices, or WOS.

Entity options to form a Joint Venture as:

  1. Companies limited by shares (public and private)
  2. Companies limited by guarantee (limited to the amount pledged)
  3. Companies having unlimited liability (liability of each member is unlimited)

Control in the joint venture company:

After passing the either of the following resolutions, the control and roles are decided. Note, your Joint Venture Agreement will state which one to be followed.

  1. Special Resolutions: Passed only by shareholders having 75% shares with voting rights in the company. Or,
  2. Ordinary Resolutions: Passed by shareholders having 50.01% shares with voting rights in the company.

A special resolution is inter alia required to amend the MOA and AOA of the company, to issue further shares through a rights issue, to give loans or guarantees to other companies, etc. 51% majority ensures control of the day to day working of the company. Therefore, much depends on the level of control the foreign investor seeks.

The articles of association, incorporating the key provisions in shareholders agreement, provide for control of the joint venture company. The exercise of control is done at two levels: 1. Board of directors 2. Shareholders

Tax considerations and subsidies:

India has double taxation avoidance agreements (“DTAAs”) with many countries. In many instances, companies route their investments into an Indian joint venture company through an offshore destination.

Joint venture companies do not per se get advantageous tax treatment. However, the Indian Income Tax Act gives certain benefits to industries set up as 100% export oriented units, or in export processing zones. In addition, infrastructure industries in the areas of power, telecommunications, ports, etc., get tax breaks and rebates. Persons investing in the bonds of such companies do not pay tax on the interest received.


To make the joint venture agreement valid in law:

The requirements prescribed by the Indian Contract Act and the Cos Act needs to be met. Some of the important criteria to be fulfilled are:

  1. Offer and acceptance,
  2. Consideration,
  3. The intention to form a company,
  4. Signature of the parties
  5. Constitution of the board of directors,
  6. Termination clause,
  7. The binding nature of the agreement,
  8. Share transfer provisions,
  9. Dilution clause,
  10. Dispute resolution clause

Parties have to pay stamp duty on the joint venture agreement and have to register either with the RBI or the SIA, depending on which authority gives clearance for the project. No registration is required under the Indian Registration Act unless the joint venture agreement deals with the transfer of immovable property rights.

Wazzeer is vouched by Entrepreneurs as the reliable Legal and Accounting Partner. We would be super excited to help you. Let’s Connect! 🙂

 

 

 

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Contracts and Agreement, Maintenance Contract

What is a maintenance contract?

A maintenance contract is basically a written document which constitutes the terms of an agreement between a client and a maintenance service provider. The client can be a consumer who gets a warranty for purchases of mechanical equipment. The overall purpose of a maintenance contract is to have consistent fees and regular availability of the service provider at saving over random or emergency calls. By securing a maintenance contract for the service provider, the client typically garners savings through the fixed or reduced fees and also gets a regular relationship with a service provider.

Why do you need a maintenance contract?

  • Guaranteed repair time to keep your hardware and production line running

  • Immediate telephone support to resolve repairs quickly and efficiently

  • Technical expertise of engineering team from maintenance service provider

  • Dedicated service schedules

  • Provides emergency service, when time is of essence and you need quick services

  • All standard parts and labor costs covered by the maintenance contract, hence, ensures cost savings for the time period of the contract

  • Paves way for longevity of operations as by sticking to a routine maintenance schedule, hardware will need to undergo thorough inspections designed to catch any serious issues

  • The best option for hardware which is out of guarantee time period or has been functional over a long period of time.

What are the different types of maintenance contract that service provider can enter?

Maintenance contracts apply to a wide range of products including printers, handheld computers, scanners, and software. They vary on the level of response you require:

Onsite contracts: an engineer will visit your site and respond within a period of time that you choose which typically ranges from 4 hours, 8 hours to 5 days. The quicker the response the greater the cost, but consider the cost of your hardware and production line fails!

Hot swap contracts: Ideal if you don’t need onsite support but require a next day replacement for your hardware. Hot swap works simply by a replacement hardware being sent to your site while the faulty hardware is sent away for repair. A lower cost option than an onsite contract, with next day turnaround.

Return to base contracts: Ideal if don’t need next day support – options include 3 to 5 days. Simply courier your hardware to the repair workshop and it will be fixed within a specified number of days. This is ideal for lower cost desktop and mid-range printers that are not mission critical or where you have a stock of spare printers. Return to the base is not recommended for larger, industrial printers because it is not always easy to find the packaging to ensure that the printer is not damaged in transit.

What should all your maintenance contract consist of?

Billing Structure: It is important to specify how you are going to pay the maintenance service company, whether you are going to pay them on an annual basis or on the basis of a number of services.

Scheduling: Another clause to add in the contract is regarding the schedule of services and routine maintenance schedule alongside the kind of contract you want.

Termination of Services: The clause regarding when and in what circumstances would the client terminate the services of the maintenance company shall also be included. Also, it should be included in the contract that in the case of any dispute, the matter should be referred to arbitration or the parties are free to go to court.

Scope and Term: The contract shall clearly specify the terms and scope of the services to be provided by the maintenance service provider with no ambiguity.

Duration of contract: The duration of the contract should be specified in the contract.

Other expenses: The contract should also contain the details regarding the other expenses like the cost of the hardware to be replaced would be paid by the client or the maintenance service provider.

We at Wazzeer have been experts in delivering Maintenance Contracts due diligence, negotiation matters, Contract drafting and other regulations, we would be glad to provide you a consultation on this matter, happy to help let’s connect

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Contracts and Agreement, License, Uncategorized
  1. Music License: You can use a free public domain or CC 3.0 licensed music from the web, however, most of the time it’s tough to find good music suitable for your game there. You would also need to buy a license for the sound effects that have been copyrighted.
  2. Employee Contract: You will need this for hiring any full or part-time employees. Employee Contract can determine the pay schedule, when the employee will receive pay, any paid holidays, paid sick days or paid vacation days, and other various things. It helps you and your employee understand what you are offering him or her.
  3. General Contract: It is somewhat similar but can be used for contract hires and freelancers who work for you.
  4. Confidentiality Agreement: It is for anyone working with you on your game. This one is important as it states that anything created for the game is owned by your company, and not the creator. This protects your company from your employees or your contract hires from stealing your intellectual property and claiming it is their own.
  5. User Agreement: It is also known as a software license or end user license agreement?. Through this, the user agrees to the privilege of using or purchasing your software and promise to comply with all the restrictions stated in the user agreement.
  6. Privacy Policy: This is for the purpose of telling how you use any information that your users give to you, either on your website or your game/app. It also states that you will protect your users information and it publically states what information is required in order to use your service.
  7. All Rights Reserved: It tells that everything that is within your website or game/app is yours, you hold the right to use it, and unless otherwise stated people require your permission to use your stuff. It is for the purpose of protecting your stuff from theft and other claims on your stuff.
  8. Terms of Service: These are the rules you declare in order for someone to comment on your website, purchase a product from you or other services that you might offer. If someone were to break your rules, your Terms of Service would actually come into play and you can handle it accordingly.
  9. Unity License: You need to have any valid Unity license (either personal or pro) to submit your app. The license can be free one or a paid one, though pirated licenses will not work at all.
  10. Other Licenses: You also need to buy the license for the trademark stuff, like, if you want to use a specific car model in your car racing game you need to buy the license from the company, or if you want to buy a specific gun model it also requires a license.
  11. Adobe license: This one is important as you need Photoshop or Illustrator license. You can use Creative Cloud as one of the most potential solutions.
  12. Autodesk license: Autodesk license for 3D Max and/or Maya should also be taken in order to create 3D content. One can buy a monthly subscription instead of the perpetual license.
  13. Tax Registration: Indirect tax registration and Direct tax registration is something that is applicable to all businesses in India.
  14. IP protection: It’s the endearing competitive touch that you can give to your product.
  15. Funding Compliance: Raising funds involves multiple legal compliances that not just investor wants, but also you need to protect your relationship with investors.
We have been helping businesses like yours to get in touch with best lawyers and Accountants for years now, we would be glad to help you, let us know. Thanks!
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Contracts and Agreement, Contracts and Agreements, Contracts and Agreements, Start up Lessons
Basically, vendor is someone who provides you with a service or goods. For instance, a person providing house cleaning services is a vendor, a person supplying raw material for renovating your office is a vendor. The Vendor Agreement is therefore an agreement between you and a vendor that you have selected for the services that such vendor has to provide to you or goods that such vendor has to supply to you.

An SLA, i.e. service level agreement is a contract between a vendor and the end user that defines the standard level or quality of service expected from such a vendor. An SLA or Service Level Agreement will define the service levels that have to be achieved by a vendor and may also provide for remedies and penalties in the event of non-fulfilment of such service levels. Let me explain a bit more with a day to day example. For instance, an EduTech startup (say XYZ), that is outsourcing the textbooks production to a service provider, gets an vendor agreement with SLA included in it, then the SLA ( Service Level Agreement) related clauses would involve the following:
  • Delivery timelines
  • Minimum quantity of delivery within a mentioned duration of time
  • Critical delivery items (as in threshold meeting)
  • Meet the Standard of packaging
  • Monitoring and measurement of timelines and delivery thresholds.
  • Penalties and remedies for default items is mentioned
  • Termination right of XYZ for a continued breach/default of SLAs
With the above example, now you would be in a better position to decide whether or not you require SLAs (Service Level Agreement) to be included in your Vendor Agreement or Service Agreement.

Startup entails complex procedures and many bureaucratic hurdles, entrepreneurs are better off using professional services. Hiring a virtual lawyer and virtual accountant can save time and help ensure that the process goes smoothly.

For any Legal and Accounting support, Happy to help you, let us talk at Wazzeer.

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Contracts and Agreement, Contracts and Agreements, Start up Lessons
Every company doing business depends on goods and services which are being provided by other companies. So if you get into a disagreement with a client, it can lead to a loss in business, or worse, a costly lawsuit. Signing a vendor agreement in which the terms and conditions between a buyer and a seller are agreed up front, such as product delivery period and payment expectation, makes sure that both the parties are clear about each other and what is expected of them reducing the risk of legal disputes down the road.


Some of the key factors for most Vendor Agreement Goods and Services: In the agreement it should be clearly mentioned what are the goods and services you are paying for. Also if someone has promised you a certain quality of goods and services make sure that it’s mentioned in the agreement


Pricing: The pricing should be clearly mentioned in the agreement, that is whether it is fixed throughout the contract or it varies, if varies then why. 


Delivery Terms: After agreeing upon the pricing and goods you need to think about the delivery term. What will be the frequency of the deliveries, the particular time when the goods need to be delivered.


 Payment Terms: The time of payment should to mention in the Vendor agreement for the goods or services provided. And also how the payment should be made.


 What If Something Goes Wrong. What if the quality of the goods delivered are not up to the mark? What if the goods are wrongly delivered? Or the payment is late? All this issues should be addressed in the agreement


Termination: From the beginning the terms of termination should be mentioned. When the agreement can be terminated? What it takes to do so?


Who Owns What: Who owns the outcome of any services or products should be mentioned in the agreement so that something which was due to you cannot be given to someone else


Confidentiality: In the agreement it should be mentioned that the information provided by ay party should remain confidential.


Importance of Vendor Agreement Documents Terms of Agreement: Vendor Agreement documents all the terms for both the parties like delivery time, payment terms, ensuring no misunderstanding occurs.  


Clarifies Intent of both parties: Each party may believe that they understand what is required of them but when it come in writing it may differ, hence Vendor Agreement clarifies intent of both the parties.  


Prevents Disagreement down the line: As the Vendor Agreement clarifies the intent, and also the terms up front, it helps both the parties to know what to expect and hence prevents future disagreements.  


Settle Discrepancies: When both the parties put their terms for Vendor Agreement in writing, it may not line up. Solving those issues then and there helps in settling future disagreements.


Wazzeer is vouched by Entrepreneurs as the most reliable Legal and Accounting Partner. We would be super excited to help you. Let’s Connect! 🙂
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Agreements, Contracts and Agreement, Contracts and Agreements, Contracts and Agreements, Legal
Let us first understand what does a contract mean? A contract is written agreement, concerning vital fields like employment, sales, or tenancy, that is intended to be enforceable by law. We believe that the value of contract is not realised when things are hunky-dory, but the moment things go bad it is the contract that protects your interests. Hence it is important to draft a Contract/Agreement professionally so that it protects the interests of all the parties concerned. To draft a legally valid contract which protects the interests of all parties we need to first understand what are the essential elements of a Valid Contract.

1. Offer and Acceptance. In order to create a valid contract, there must be a ‘lawful offer’ by one party and ‘lawful acceptance’ of the same by the other party. Any contract has to have an offer from one party which has to be accepted by other party

2. Intention to Create Legal Relationship. This is stated in the definition of the contract. If the parties do not wish to create a Legal Relationship, there is no necessity of a contract and hence, it is not considered as a contract at all.

3. Lawful Consideration. Consideration is something which is paid by the offering party to the offered party. It may be time, money, knowledge, service etc. Without a Lawful consideration one cannot fight a case in the court.

4. Capacity of parties. The parties to an agreement must be competent to contract. If either of the parties does not have the capacity to contract, the contract is not valid. According the following persons are incompetent to contract. (a) Miners, (b) Persons of unsound mind, and (c) persons disqualified by law to which they are subject.
5. Free Consent. ‘Consent’ means the parties must have agreed upon the same thing in the same sense.
Consent is said to be free when it is not caused by-
  • Coercion
  • Undue influence
  • Fraud
  • Misrepresentation
  • Mistake
An agreement should be made by the free consent of the parties.

6. Lawful Object.
Object has nothing to do with consideration. It means the purpose or design of the contract. Thus, when one hires a house for use as an office for an e-Commerce company, the object of the contract is to run an e-Commerce Company.

The Object is said to be unlawful if- (a) it is forbidden by law; (b) it is of such nature that if permitted it would defeat the provision of any law; (c) it is fraudulent; (d) it involves an injury to the person or property of any other; (e) the court regards it as immoral or opposed to public policy.

7. Certainty of Meaning. Agreement the meaning of which is not Certain or capable of being made certain are void. A poorly drafted agreement which is ambiguous in nature is not legally valid.

8. Possibility of Performance. If the act is impossible in itself, physically or legally, if cannot be enforced at law. For example, Mr. A agrees with B to discover treasure by magic. Such Agreements is not enforceable. Hence all agreements need to be physically and legally enforceable.

9. Not Declared to be void or Illegal.?The agreement though satisfying all the conditions for a valid contract must not have been expressly declared void by any law in force in the country. For example an agreement to form a cartel to curb competition is illegal in India.

10. Legal Formalities. An oral Contract is a perfectly valid contract, except in those cases where writing, registration etc. is required by some statute. In India writing is required in cases of sale, mortgage, lease and gift of immovable property, negotiable instruments; memorandum and articles of association of a company, etc. Registration is required in cases of documents coming within the scope of section 17 of the Registration Act.

Now that we have understood the essentials of a Contract, can you draft your own contract? This article like many other Do-it-Yourself templates available on internet to draft a contract is aimed at giving you some knowledge on the legalities involved in drafting a Legal contract. But facts of the every case is unique and we recommend a consultation with a trustworthy Lawyer is required. Only such a lawyer can give you proper advice on proper drafting of a legally valid contract which protects the rights of all the concerned parties. 


Wazzeer
 is vouched by Entrepreneurs as the most reliable Legal and Accounting Partner. We would be super excited to help you. Let’s Connect! 🙂

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Contracts and Agreement, Contracts and Agreements, property

Rental agreement is an important document which defines the legally binding relationship between the tenant and the landlord. Usually, a broker is involved in carrying out the initial transaction between the two parties. However, both the parties can also take help of a lawyer to draw the rental agreement.

A rental agreement is a legal document which lays down the conditions on which relationship between the landlord and the tenant is determined. Seeking a home for rent and settling down on one may turn out to be a matter of contention on many grounds. The tenant may not pay up the rent on time or there may be disputes with the land lord on numerous matters.


Rental agreement details 
would determine how disputes are to be handled and how both parties would carry out their respective duties.

 

Here are few facts that you should keep in mind to make the agreement legally binding and valid.

Always insist on presence of two non-beneficiaries while the rental agreement is being signed between the two parties. The rent agreement ought to be signed by the two non-beneficiaries to make it a valid one. You can register the rental agreement by paying a stamp duty.
Registering the rental agreement would mean that it would have more power invested in it, rather than being just a valid document. In order to make it a smart rent document, it should contain the duties and responsibilities of all the parties concerned. A smart rental agreement would also include names of all the people living in the building. If the agreement contains names of everybody living under the same accommodation, then it lays down the ground for the usage of common property among all the tenants.


The agreement should contain the tenure of tenancy. Specific dates from which date to which the lease of the agreement would be valid have to be mentioned. The rental amount has to be clearly mentioned in the document, along with the amount deposited in the account. The agreement must contain details related to terms of deduction and return of the deposit money. The agreement should also include due date of payment of rent and the grace period. It also should contain the mode of payments through cash or cheque or draft. The agreement should detail the procedure for rent escalation every month for example, many owners raise the rent by 5% every year. It is the duty of every tenant to keep the rented place clean and undamaged. Hence, maintenance and repairing responsibilities should be mentioned in the rent agreement.


Alongside the rent value, maintenance fee payable every month and the payment date should also be in the agreement. While minor repairments are to be handled by the tenant, major repairments are taken care of by the land owner.


The landlord may have some restrictions regarding movement, parking usage or may have particular usage of property resources. These decorum details are to be recorded in the rent agreement so that there arises no disputes between the parties. Some rented properties may require certain society rules to be adhered by the tenant or some land lord may not allow certain activities on his/her compound. All these should be in a documented form. Every tenancy agreement should contain details as to how to renew the agreement. The terms and procedure of renewal of the rent agreement as well as the notice period the tenant would have to serve before leaving the rented home have to be recorded in the rent agreement.


The rental agreement’s rules and conditions lay invalid if any or both the parties do not adhere by them. Hence, it is of extreme importance that the agreement contains notice period. Important sections to cover in rental agreements Rental agreements need to be written in a stamp paper and signed by tenant and landlords. Here are some common agreements or conditions that need to be included in an agreement for keeping property in good condition and make prompt pay of monthly rents.

  • List of things: List of things is facilities or appliance provided by a landlord to tenants along with property for rent. Things include appliances like number of fan, geyser, light fittings and so on. These things cannot be taken with them by tenant when leaving property.
  • Due date: The date for paying each month?s rent and the date when it is considered as late payment. If there is any charge for late payment and time to take action when continues default.
  • Right to enter: The date or time from which?propertyis let to rent. Tenant need to inform prior to landlord from when he starts using the property or building.
  • Garbage: Need to specify orally or in written where to keep garbage for collection by garbage collector and how to dispose garbage. The improper dispose of garbage creates problem for fellow tenants and for it become health problem
  • Policies: Policies regarding parking vehicle and whether pets are allowed in the premises or not. These have to be clearly mentioned in rental agreement than become problem in future.
  • Notice period: Tenant should give at least one month notice prior to leaving and demanding for deposit. Landlord must ask a reasonable time for giving back deposit.
  • Restoration: Conditions which need to restore the dwelling place or building. It includes repairs and paintings, plumbing if required and so on.


A landlord should ask identity of person who are using the property. Remember not to give your property or building for people who have criminal background or do not allow continuing if you doubt on their action or if they involved in some anti-social activities.

 

For a trustworthy Professional advice on this matter Contact us.

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