Subject: Payment of rent for __________, __________, in separate shares to each co-owner
Dear Sir or Madam,
1. We are the co-owners of the premises described above (the "Premises"), which you occupy under __________ (the "Lease"). Our shares in the Premises, and therefore in the rent under the Lease, are set out in paragraph 3.
3. The shares, and the account to which each share is to be paid, are:
5. If tax has to be deducted at source from the rent under the income-tax law in force, please deduct it separately from each co-owner's share, deposit it against that co-owner's own PAN, and give each of us a separate certificate for the tax deducted from our share.
6. This letter changes only the way the rent is paid. It does not change the rent, the security deposit, the term or any other term of the Lease, which continue as they are. A payment made in line with this letter discharges you for the amount so paid. A payment of one co-owner's share to another co-owner does not, unless all of us agree to it in writing.
7. This instruction can be changed or withdrawn only by a later letter signed by all of us. Until you receive such a letter, please do not act on any instruction about the rent that comes from fewer than all of us.
8. Please sign the acknowledgement at the foot of this letter and return a copy to each of us.
Yours faithfully,
ACKNOWLEDGEMENT BY THE TENANT
For __________ Name and designation: ______________________________ Signature: ______________________________ Date: ______________________________