Personal Or Company Lease?

Apr 23, 2011     Posted under: Investment

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What is it: A lease agreement specified the person in whose name the house is taken, the rent paid and the period for which it is valid etc.

You and the company: When the agreement is signed by you and the owner, it’s called a personal lease. A company lease is one in which the deal happens through your employer.

Advantages: For a company lease, the company will do all the running around for you. For a personal lease, you do it yourself or get a broker to do it.

Why company lease? Companies might pay the initial security deposit for you and treat the money as an interest-free loan.

It gets better: Tenants cannot be evicted without notice in a company lease, but they also cannot forcibly occupy the property if it’s company lease.

NitiN Kumar Jain

Nitin works in an IT MNC professionally but blogs and owns NKJ Live. He is also the co-owner of a professional start-up ARGHAM BYTES

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