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Streak Legals
Vijyant Nigam
23 Years Exp
Paying Guest Agreement (Show More)
Lucknow , Industria Area Chinhat
View Answers by this Partner (1)
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An individual who stays within the premises of the Owner in the same house utilizing all the benefits of the house like a guest and paying for the facilities like food, laundry, bed etc. to the owner. A paying guest is not a Tenant and hence does not enjoy any privileges of a Tenant under the law.
Paying guest accommodation is often considered a pocket-saver for bachelors who can’t afford to rent an entire house to themselves. Such arrangements also provide additional income to homeowners who don’t have spare houses to rent out but have enough space in their own residence to accommodate more people.
Since Paying Guest accommodation is becoming a trend in cities, there is a great chance that the newcomers to the city can be cheated into paying huge deposits and charges for various facilities, and finally ending up with no promises fulfilled by the owner
As a precaution and safety measure it is recommended that anyone intending to go into Paying Guest accommodation should first and foremost prepare an agreement with clear terms and conditions with the owner.
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Name : Vijyant Nigam
Law Firm Name : Streak Legals
Country : India
City : Lucknow
State : UTTAR PRADESH
Practicing Since: 2002
About Your Firm : Working in the legal field, conveyancing, litigation, drafting, vetting, agreements, MOUs, Contract, Registration, Notaries
| Sr Employee Associated | Sr Employee Enrollment/Reg.No | Sr Employee Enrollment/Reg.State |
|---|---|---|
| Vijyant Nigam | 9809/2002 | Bar Council Of Uttar PRadesh |
| Jr Employee Associated | Jr Employee Enrollment/Reg.No | Jr Employee Enrollment/Reg.State |
Legal & Drafting
Lease/Rental Agreements ( NOC From Landlord )
Legal Opinion (Written) ( Plots )
Wills ( Make A Codicil )
Agreements/Deeds ( Sale Agreement/Deed Review )
Property & Documents Inspection ( Documents Inspection in Builder Office )
Lease/Rental Agreements ( Commercial Office Rental Agreement )
Consultation on Property ( Property Buying )
Legal Opinion (Written) ( Apartment )
Notary & Attestation Services ( Get A Document Notarised )
Agreements/Deeds ( Construction Agreement Review )
Property & Documents Inspection ( Fraud & forgery Inspection )
Lease/Rental Agreements ( Commercial Shop Rental Agreement )
Consultation on Property ( Property Selling )
Legal Opinion (Written) ( Villas )
Affidavits ( Name & Address Affidavits )
Registration Assistance ( Plot )
Lease/Rental Agreements ( Commercial Lease Agreement )
Procure Revenue Documents ( Encumbrance Certificate )
Legal Opinion (Written) ( Independent House )
Affidavits ( Personal Affidavits )
Registration Assistance ( Apartment )
Lease/Rental Agreements ( Residential Lease Agreement )
Procure Revenue Documents ( Khata Extract )
Legal Opinion (Written) ( Agriculture Land )
Affidavits ( Student Affidavits )
Registration Assistance ( Villas )
Lease/Rental Agreements ( Room Rental Agreement )
Procure Revenue Documents ( Khata Certificate )
Legal Opinion (Written) ( Commercial Property )
Affidavits ( Passport Affidavits )
Registration Assistance ( Independent House )
Lease/Rental Agreements ( Office Sharing Agreement )
Procure Revenue Documents ( Khata Transfer )
Legal Opinion (Written) ( Revenue/Other Site )
Affidavits ( Gas Affidavits )
Registration Assistance ( Agriculture Land )
Packages ( Legal Opinion to Registration (Plot/Site) )
Lease/Rental Agreements ( Car Parking Agreement )
Power of Attorneys ( General Power of Attorney )
Agreements/Deeds ( Agreement of Sale )
e-stamp paper ( Get E-stamp paper )
Registration Assistance ( Commercial Property )
Packages ( Sale Agreement to Registration (Plot/Site) )
Lease/Rental Agreements ( Settlement Of Rental Agreement )
Power of Attorneys ( Special Power of Attorney )
Agreements/Deeds ( Construction Agreement )
Property & Documents Inspection ( Plot/Site Insepction )
Registration Assistance ( Revenue/Other Site )
Lease/Rental Agreements ( Paying Guest Agreement )
Packages ( Sale Agreement to Registration (Apartment) )
Power of Attorneys ( Revoke/cancel Power of Attorney )
Agreements/Deeds ( Sale deed )
Property & Documents Inspection ( House/Apartment Inspection )
Lease/Rental Agreements ( Apartment Rental Agreement )
Lease/Rental Agreements ( Leave And Licence )
Packages ( Legal Opinion to Registration (Apartment) )
Wills ( Make A will )
Agreements/Deeds ( Gift Deed )
Property & Documents Inspection ( Documents Inspection in Govt Office )
Lease/Rental Agreements ( House Rental agreement )
NRI Services
Property Disputes ( Illegal Sale of Land And Property )
Property Disputes ( Illegal Transfer of Land And Property )
Property Disputes ( Illegal occupation of Land and Property )
Landlord Tenant Disputes ( Landlord Tenant Disputes )
Succession Certificate ( Succession Certificate )
Power of Attorneys for NRIs ( General Power of Attorney by NRI )
Power of Attorneys for NRIs ( Special Power of Attorney by NRI )
Buying Selling of Property in India ( Buying/Selling of Property in India )
Realtors
RERA Consultation ( RERA Approved Agent )
RERA Consultation ( RERA Consultant )
RERA Consultation ( RERA Compliance Residential )
Subject : Difference between a "mortgage" and a "lease"?
Question : What is the difference between a "mortgage" and a "lease" Please explain
Answer by Streak Legals : Much difference
Mortgage means to put something as guarantee against any loan or advances from any FI, viz/ bank or financial institution.
Lease means to lease out any property by its owner to someone for a certain period of time against which the owner of the property will get rent.
