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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 4 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.
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Getting rent from tenant through direct deposit 4 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
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Getting rent from tenant through direct deposit 4 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: 3313
  • Thank you received: 137
  • Karma: 16
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
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