Hi,
I own two residential flats, which I would like to rent/lease to a private limited company where my father is a director. Company will use one of the premises for its own office purpose. other one will be used by its employees as quarters (employees will be paying the rent).
1) Is it legal to rent residential flat for office purpose?
2) Since employees could be changing (due to marriage/resignation), is it advisable to have agreement with company itself to deduct the rent and pay me or better to directly have the agreement with employees?
CAclubindia
