indrefs.com

Sign in with Facebook
Sign in with Facebook
Welcome, Guest
Username: Password: Remember me
Get property reviews, discussions, legal advice, expert opinions only on Chennai real estate forum. Post questions on property, apartments, plots and we will help you get your question answered. Get answers from other buyers, potential investors and experts before you buy a property in Chennai.

TOPIC: Getting rent from tenant through direct deposit

Getting rent from tenant through direct deposit 5 months 3 weeks ago #8592

Hi,

We have been collecting rent for our property in TamilNadu from our tenant through cheque till this time visiting in person. Now that we couldnt go inperson we asked tenenat to send cheque by courier to our address but he is asking for our account details so that he can deposit the rent. Is it fine to share account details and get rent via direct deposit or will it bring any legal problem in future. Please advice.
The administrator has disabled public write access.

replyhave something to say register login button



Getting rent from tenant through direct deposit 5 months 6 days ago #8623

Hi Selva,

It is fine to to get money transferred via bank transfer (next or imps) instead of cheques. The transaction will still get logged at bank so it will not be a problem.

Thanks,
Krish
  • Krishna
  • Krishna's Avatar
  • OFFLINE
  • Moderator
  • There is nothing stronger than the power of inform
  • Posts: 3322
  • Thank you received: 139
  • Karma: 17
Krish
Moderator
www.indrefs.com

Ensure that you get professional help! My inputs are just guidelines!

For questions on how to post in the forum , click here
The administrator has disabled public write access.

replyhave something to say register login button

Getting rent from tenant through direct deposit 5 months 6 days ago #8624

Hi Selva,

It is fine to to get money transferred via bank transfer (next or imps) instead of cheques. The transaction will still get logged at bank so it will not be a problem.

Thanks,
Krish
  • Krishna
  • Krishna's Avatar
  • OFFLINE
  • Moderator
  • There is nothing stronger than the power of inform
  • Posts: 3322
  • Thank you received: 139
  • Karma: 17
Krish
Moderator
www.indrefs.com

Ensure that you get professional help! My inputs are just guidelines!

For questions on how to post in the forum , click here
The administrator has disabled public write access.


replyhave something to say register login button

Time to create page: 0.457 seconds

Latest News

How can existing borrowers lower their interest ra...
24 Mar 2017 19:04 - Krishna

I am sure all of you must have gotten phone calls on reducing interest rates. However, all these red [ ... ]

How does Marginal Cost of Lending Rates (MCLR) Wor...
24 Mar 2017 18:13 - Krishna

We had earlier discussed on the different types of loans. Today, we will discuss on Marginal Cost of [ ... ]

Paying higher interest rate than your friends? Cha...
22 Mar 2017 19:23 - Krishna

I am sure that many of you would have noticed the fact that you were often paying higher interest ra [ ... ]

What is ROR (Record of Rights) and how can one obt...
15 Aug 2016 09:02 - Krishna

Right of Records (RoR) contains details regarding ownership of the property. It is an important docu [ ... ]

Big players to invest in Real Estate
28 Jul 2016 18:04 - Krishna

The Government of Tamil Nadu has invested Rs. 2847 crores through single window clearances without s [ ... ]