My tenant, let’s call him Ravi, signed a 3-year lease agreement in his own name. He’s been paying rent through personal checks for the past 10 months. Now, he’s asking if I can accept checks from his company instead. Is there any problem with accepting rent from his company, considering it might be a company lease?

While accepting rent from Ravi’s company might seem convenient, it could create complications. Under Indian law, a lease agreement is a contract between specific individuals. Accepting payments from a third party without a formal amendment to the existing lease could be considered a breach of contract, and you may not be legally entitled to the rent if Ravi’s company defaults.