Law chamber
PAVANANJAYA
20 Years Exp
NOC From Landlord (Show More)
Dakshina Kannada , Kodiyalbail
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Information
Overview
No Objection Certificate (NOC) by a Landlord becomes necessary when a Tenant (usually for a company), who has taken a property on lease from the landlord, plans to use the premises or a part of it as a registered office.
Importance Of NOC By Landlord
Prior setting up a company’s registered office in a rented premises, the company has to get a No Objection Certificate by the landlord. It basically states that the landlord issuing NOC has willingly rented the premises to the company and has no objections for the premises (or a part of it) to be be used as the company’s registered office.
Details To Be Included In NOC By Landlord
The elements listed below have to be included in an NOC by Landlord:
Name of Landlord
Name of the Company to which the premises is rented out to.
Address of the rented property
Date
Place
Signature of the Landlord
Contact details of landlord (optional)
How To Make No Objection Certificate?
To create the No Objection Certificate by Landlord, you will have to follow the steps below:
First draft the NOC by including all the details mentioned above
Get it printed on a plain white paper
Place landlord’s signature on the document
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Name : PAVANANJAYA
Law Firm Name : Law chamber
Country : India
City : Dakshina Kannada
State : KARNATAKA
Practicing Since: 2006
About Your Firm : I am practicing since 2006 as a civil Advocate in Mangalore I am handling civil Matters M.C Cases , Consumer cases Registration work Revenue work, Legal Opinion etc
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Subject : Registration of property
Question : Hello, I want advice on property registration. I have flat of 900 super built up area in Patna which I want to sell for Rs 27 lakhs. A buyer has agreed and an agreement has been made accordingly. However as per valuation the value of a property of 900 sq feet in my area is Rs 36 lakhs. Now the buyer wants to register the sale deed at Rs 36 lakhs. As payments will be made to my bank account, what will be the legal aspects and tax problems as payment amount will be Rs 27 lakhs,and I shall have to pay income tax accordingly. Please advice on the course of action to be taken. Thank you
Answer by Law chamber : Yes you have to pay income tax on 36 lakhs you shoud avaid that you can do sale deed 27 lakhs ok
Subject : Registration of property
Question : Hello, I want advice on property registration. I have flat of 900 super built up area in Patna which I want to sell for Rs 27 lakhs. A buyer has agreed and an agreement has been made accordingly. However as per valuation the value of a property of 900 sq feet in my area is Rs 36 lakhs. Now the buyer wants to register the sale deed at Rs 36 lakhs. As payments will be made to my bank account, what will be the legal aspects and tax problems as payment amount will be Rs 27 lakhs,and I shall have to pay income tax accordingly. Please advice on the course of action to be taken. Thank you
Answer by Law chamber : Yes you have to pay income tax on 36 lakhs you shoud avaid that you can do sale deed 27 lakhs ok
Subject : Registration of property
Question : Hello, I want advice on property registration. I have flat of 900 super built up area in Patna which I want to sell for Rs 27 lakhs. A buyer has agreed and an agreement has been made accordingly. However as per valuation the value of a property of 900 sq feet in my area is Rs 36 lakhs. Now the buyer wants to register the sale deed at Rs 36 lakhs. As payments will be made to my bank account, what will be the legal aspects and tax problems as payment amount will be Rs 27 lakhs,and I shall have to pay income tax accordingly. Please advice on the course of action to be taken. Thank you
Answer by Law chamber : Yes you have to pay income tax on 36 lakhs you shoud avaid that you can do sale deed 27 lakhs ok
