We are the landlords. We do not have a formal rental agreement with the tenant. We had borrowed some amount from the tenant, some time ago. Now, the tenant has agreed to vacate the premises, provided that we pay back the amount. I want to know what process and precautions should we take to make his happen. Also important to mention that the tenant has already removed his assets from the premises to somewhere else, and has also not been depositing the rent for a couple of.What could be the steps we can take to ensure a smooth and quick solution?
A.Dear Client,
You/ the landlord must have an agreement with the Tenant before letting out the space.
So, it will be as per the Agreement /Terms and Conditions what has been written.
Try to sort it out as soon as you can legally.
Shanti Ranjan Behera, Advocate
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