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Rental Yield Declaration by Seller

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  1. Seller and Buyer
  2. The property and the tenancy
  3. The rental income
  4. Changes the Seller already knows about
  5. Context, witnesses and signing

Step 1 of 5

Seller and Buyer

For example: Sethi Estates Private Limited

Seller's constitutionNeeded
Seller's address for this DeclarationNeeded

For example: AABCS1234K

For example: Meridian Retail Holdings LLP

Buyer's addressNeeded
More details — you may leave these

For example: Harpreet Kaur Sethi

For example: Director, authorised by board resolution dated 4 March 2026

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RENTAL YIELD DECLARATION BY SELLER

Made at __________ on __________

1. The Seller and the Buyer

The Seller

  • Name: __________
  • Constitution: __________
  • Address: __________
  • PAN: __________

To (the Buyer)

  • Name: __________
  • Address: __________

1.1 In this Declaration, "the Seller" means the person named above as Seller and, where the Seller is not an individual, includes the signatory named above acting with the Seller's authority. "the Buyer" means the person or entity named above, to whom this Declaration is addressed. "the Tenant" means the tenant identified in Clause 2. The Tenant is not a party to this Declaration and has signed nothing here.

1.2 This Declaration is the Seller's own account of the rental income the Property has actually earned. It is given by the Seller alone; the Buyer's acknowledgement at the foot of this document records only that it was received, not that the Buyer agrees with anything stated in it.

2. The Property and the tenancy this Declaration is about

2.1 Property: __________, situated in __________.

2.2 Tenant: __________, in occupation under a Lease, or the rent agreement currently governing the tenancy, dated __________.

2.3 This Declaration states the rental income from the Property only. It is not a summary of the Lease's other terms — its length, deposit, renewal or termination provisions, or whether it is registered — and does not replace the platform's Lease Summary Sheet for Investors, a Tenant Estoppel Certificate or the particulars given in the platform's Agreement to Sell – Tenanted Commercial Property, where the parties are using any of those. Read this Declaration together with whichever of those the transaction actually uses; it is not meant to stand in their place.

3. What this Declaration is, and what it is not

3.1 __________

3.2 This Declaration is given by the Seller to induce the Buyer to rely on the figures in Clause 4 in deciding whether, and on what terms, to proceed with buying the Property. It is a signed declaration, not a marketing summary: the Seller is putting a name to specific figures and accepting the consequence in Clause 7 if they turn out to be materially wrong.

3.3 This Declaration does not state or calculate a yield. It states the rental income the Property has earned, in Clause 4, and nothing else. It does not compute a yield percentage, a capitalisation rate or a valuation, and it does not refer to, or warrant, any purchase price. Any yield percentage the Buyer works out from the figures in Clause 4, against whatever price the Buyer is considering paying, is the Buyer's own calculation, made on the Buyer's own assumptions, and is not a figure this Declaration states, checks or endorses.

3.4 This Declaration does not warrant the Seller's title to the Property, its possession, or the refundability or transfer of the security deposit the Tenant has paid; the platform's Seller Title Affidavit, Non-Encumbrance Affidavit and Security Deposit Transfer Letter on Sale, where the parties use them, cover those separately.

4. The rental income declared

4.1 Rent under the Lease. The annual rent presently fixed under the Lease ("the contracted rent") is __________.

4.2 Rent actually received. The actual rent the Seller has received from the Tenant for the Property, from __________ to __________ ("the stated period"), comes to __________ for that period, stated on an annualised basis. This is the figure the Buyer is entitled to rely on as the Property's real, current rental income — not the figure at Clause 4.1, which is only what the Lease provides for and can differ from what has actually been paid. A difference between the contracted rent and what the Seller's bank account shows that is explained only by ordinary tax deducted at source by the Tenant under Section 194-I of the Income-tax Act, 1961 is not a matter Clause 4.4 requires the Seller to explain; that deduction happens on every commercial tenancy of any size and says nothing about the sustainability of the rent.

4.3 GST. __________

4.4 Does the actual figure match the contracted figure? __________

5. Changes to this income the Seller already knows about

5.1 __________

5.2 This Clause 5 is limited to what the Seller actually knows, or ought reasonably to know from the Lease and from managing the tenancy. It is not a prediction of what the Tenant will do, and the Seller does not warrant that the Tenant will renew, hold over, or continue paying at the present rate beyond what Clause 5.1 discloses.

6. No artificial inflation of the declared income

6.1 The Seller declares that the figure at Clause 4.2 is the genuine rent the Tenant has paid for occupation of the Property in the ordinary course of the tenancy, and that, except as disclosed at Clause 4.4, no part of it —

(a) has been increased, created or propped up by any side arrangement, loan, refundable deposit, rebate, sham escalation or payment from the Tenant or anyone connected with the Tenant, made for the purpose of, or having the effect of, showing a higher rental income than the Property actually sustains;

(b) has been returned, rebated, waived back or credited to the Tenant or to any person connected with the Tenant, directly or indirectly, whether before or after receipt; or

(c) reflects a concession, discount or rent-free benefit given to the Tenant that Clause 4.4 has not disclosed.

6.2 If the Seller is aware of any fact that would make the declaration at Clause 6.1 inaccurate, the Seller has disclosed it at Clause 4.4 or Clause 5.1, and Clause 6.1 is to be read subject to whatever is disclosed there.

7. Warranty and consequence of a false declaration

7.1 The Seller warrants that Clauses 4, 5 and 6 are true, accurate and complete to the best of the Seller's knowledge, information and belief as at the date of this Declaration, and that the Seller has not left out any fact within those clauses that would make what is stated misleading.

7.2 The Buyer is entitled to rely on this Declaration, without independently checking the Tenant's rent ledger, the Seller's bank statements or the Lease, in deciding whether and on what terms to proceed with buying the Property — though nothing here stops the Buyer from checking anyway.

7.3 If any statement in Clause 4, 5 or 6 turns out to be materially false or misleading, the Seller shall indemnify the Buyer against, and pay the Buyer on demand, the actual loss the Buyer suffers as a result of relying on it, including the amount by which the price the Buyer paid, or agreed to pay, for the Property exceeds what the Buyer would reasonably have offered had the true position been disclosed at Clause 4.4 or Clause 5.1. This indemnity is in addition to, and does not exclude, any other right or remedy the Buyer has in law.

7.4 A statement in this Declaration made by the Seller knowing it to be false, or without belief in its truth, or recklessly, not caring whether it is true or false, may separately amount to fraud under Section 17 of the Indian Contract Act, 1872, and, if it induced the Buyer to enter into an agreement to buy the Property, may entitle the Buyer to treat that agreement as voidable under Section 19 of that Act and to claim damages. A statement that is inaccurate but not dishonestly made may instead amount to a misrepresentation under Section 18 of that Act, carrying the more limited remedies Section 19 allows for that case. Nothing in this Clause 7.4 is an admission by the Seller that any statement in this Declaration is false; it states the legal position that applies if one is.

7.5 Clause 7.3 does not run in the Buyer's favour for a fact the Buyer already knew was different from what this Declaration states before relying on it, or for a change of the kind disclosed at Clause 5.1 actually happening after the date of this Declaration.

8. Stamping, form and effect

8.1 This Declaration takes effect once signed on properly stamped paper — see the stamping and registration notes carried with this document. It need not be registered to be enforceable between the Seller and the Buyer, though the parties may register it if they wish to.

8.2 If any clause of this Declaration is held invalid or unenforceable, the rest continues in force. The headings are for convenience only. A clause that depends on a fact stated elsewhere in this Declaration — the signatory's designation, the reconciliation at Clause 4.4, the disclosure at Clause 5.1, or the Agreement to Sell particulars at Clause 3.1 — applies only where that fact is present, and a cross-reference to it is to be read as inapplicable where it does not appear.

9. Notices and disputes

9.1 A claim that anything in this Declaration is inaccurate should be raised in writing with the Seller at the address in Clause 1, promptly and with particulars, so the Seller can investigate while the facts are current.

9.2 Any dispute arising out of this Declaration will be subject to the civil courts at the place where the Property is situated.

SCHEDULE — DECLARED RENTAL INCOME

Property: __________ (__________)

Tenant: __________

Lease/rent agreement dated: __________

Contracted annual rent: __________

Actual rent received, __________ to __________: __________

GST treatment: __________

Reconciliation: __________

Known imminent change: __________

SIGNATURE

Signed at __________ on __________.


SELLER

Signature: ______________________________

Name: __________

PAN: __________


WITNESS 1 — for a Chandigarh registration this witness must qualify under paragraph 127 of the Punjab Registration Manual and be known to the Sub-Registrar. Not needed if this Declaration is only notarised.

Signature: ______________________________

Name: __________

Address: __________


WITNESS 2

Signature: ______________________________

Name: __________

Address: __________


RECEIVED BY THE BUYER — this only records that the Buyer received this Declaration on the date below; it is not the Buyer's agreement with its contents.

Signature: ______________________________

Name: __________

Date received: ______________________________


Before you sign: buy the stamp first, in the Seller's name, and only then sign, date and notarise this Declaration — see the notarisation note carried with this document. Attach the Seller's PAN and, if the Seller is an entity, the authority relied on for the signatory. If Clause 4.4 or Clause 5.1 discloses anything, attach whatever record supports it — a rent ledger, a bank statement, or the escalation clause of the Lease. Keep the signed original with the Buyer.

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RENTAL YIELD DECLARATION BY SELLER

Made at __________ on __________

1. The Seller and the Buyer

The Seller

  • Name: __________
  • Constitution: __________
  • Address: __________
  • PAN: __________

To (the Buyer)

  • Name: __________
  • Address: __________

1.1 In this Declaration, "the Seller" means the person named above as Seller and, where the Seller is not an individual, includes the signatory named above acting with the Seller's authority. "the Buyer" means the person or entity named above, to whom this Declaration is addressed. "the Tenant" means the tenant identified in Clause 2. The Tenant is not a party to this Declaration and has signed nothing here.

1.2 This Declaration is the Seller's own account of the rental income the Property has actually earned. It is given by the Seller alone; the Buyer's acknowledgement at the foot of this document records only that it was received, not that the Buyer agrees with anything stated in it.

2. The Property and the tenancy this Declaration is about

2.1 Property: __________, situated in __________.

2.2 Tenant: __________, in occupation under a Lease, or the rent agreement currently governing the tenancy, dated __________.

2.3 This Declaration states the rental income from the Property only. It is not a summary of the Lease's other terms — its length, deposit, renewal or termination provisions, or whether it is registered — and does not replace the platform's Lease Summary Sheet for Investors, a Tenant Estoppel Certificate or the particulars given in the platform's Agreement to Sell – Tenanted Commercial Property, where the parties are using any of those. Read this Declaration together with whichever of those the transaction actually uses; it is not meant to stand in their place.

3. What this Declaration is, and what it is not

3.1 __________

3.2 This Declaration is given by the Seller to induce the Buyer to rely on the figures in Clause 4 in deciding whether, and on what terms, to proceed with buying the Property. It is a signed declaration, not a marketing summary: the Seller is putting a name to specific figures and accepting the consequence in Clause 7 if they turn out to be materially wrong.

3.3 This Declaration does not state or calculate a yield. It states the rental income the Property has earned, in Clause 4, and nothing else. It does not compute a yield percentage, a capitalisation rate or a valuation, and it does not refer to, or warrant, any purchase price. Any yield percentage the Buyer works out from the figures in Clause 4, against whatever price the Buyer is considering paying, is the Buyer's own calculation, made on the Buyer's own assumptions, and is not a figure this Declaration states, checks or endorses.

3.4 This Declaration does not warrant the Seller's title to the Property, its possession, or the refundability or transfer of the security deposit the Tenant has paid; the platform's Seller Title Affidavit, Non-Encumbrance Affidavit and Security Deposit Transfer Letter on Sale, where the parties use them, cover those separately.

4. The rental income declared

4.1 Rent under the Lease. The annual rent presently fixed under the Lease ("the contracted rent") is __________.

4.2 Rent actually received. The actual rent the Seller has received from the Tenant for the Property, from __________ to __________ ("the stated period"), comes to __________ for that period, stated on an annualised basis. This is the figure the Buyer is entitled to rely on as the Property's real, current rental income — not the figure at Clause 4.1, which is only what the Lease provides for and can differ from what has actually been paid. A difference between the contracted rent and what the Seller's bank account shows that is explained only by ordinary tax deducted at source by the Tenant under Section 194-I of the Income-tax Act, 1961 is not a matter Clause 4.4 requires the Seller to explain; that deduction happens on every commercial tenancy of any size and says nothing about the sustainability of the rent.

4.3 GST. __________

4.4 Does the actual figure match the contracted figure? __________

5. Changes to this income the Seller already knows about

5.1 __________

5.2 This Clause 5 is limited to what the Seller actually knows, or ought reasonably to know from the Lease and from managing the tenancy. It is not a prediction of what the Tenant will do, and the Seller does not warrant that the Tenant will renew, hold over, or continue paying at the present rate beyond what Clause 5.1 discloses.

6. No artificial inflation of the declared income

6.1 The Seller declares that the figure at Clause 4.2 is the genuine rent the Tenant has paid for occupation of the Property in the ordinary course of the tenancy, and that, except as disclosed at Clause 4.4, no part of it —

(a) has been increased, created or propped up by any side arrangement, loan, refundable deposit, rebate, sham escalation or payment from the Tenant or anyone connected with the Tenant, made for the purpose of, or having the effect of, showing a higher rental income than the Property actually sustains;

(b) has been returned, rebated, waived back or credited to the Tenant or to any person connected with the Tenant, directly or indirectly, whether before or after receipt; or

(c) reflects a concession, discount or rent-free benefit given to the Tenant that Clause 4.4 has not disclosed.

6.2 If the Seller is aware of any fact that would make the declaration at Clause 6.1 inaccurate, the Seller has disclosed it at Clause 4.4 or Clause 5.1, and Clause 6.1 is to be read subject to whatever is disclosed there.

7. Warranty and consequence of a false declaration

7.1 The Seller warrants that Clauses 4, 5 and 6 are true, accurate and complete to the best of the Seller's knowledge, information and belief as at the date of this Declaration, and that the Seller has not left out any fact within those clauses that would make what is stated misleading.

7.2 The Buyer is entitled to rely on this Declaration, without independently checking the Tenant's rent ledger, the Seller's bank statements or the Lease, in deciding whether and on what terms to proceed with buying the Property — though nothing here stops the Buyer from checking anyway.

7.3 If any statement in Clause 4, 5 or 6 turns out to be materially false or misleading, the Seller shall indemnify the Buyer against, and pay the Buyer on demand, the actual loss the Buyer suffers as a result of relying on it, including the amount by which the price the Buyer paid, or agreed to pay, for the Property exceeds what the Buyer would reasonably have offered had the true position been disclosed at Clause 4.4 or Clause 5.1. This indemnity is in addition to, and does not exclude, any other right or remedy the Buyer has in law.

7.4 A statement in this Declaration made by the Seller knowing it to be false, or without belief in its truth, or recklessly, not caring whether it is true or false, may separately amount to fraud under Section 17 of the Indian Contract Act, 1872, and, if it induced the Buyer to enter into an agreement to buy the Property, may entitle the Buyer to treat that agreement as voidable under Section 19 of that Act and to claim damages. A statement that is inaccurate but not dishonestly made may instead amount to a misrepresentation under Section 18 of that Act, carrying the more limited remedies Section 19 allows for that case. Nothing in this Clause 7.4 is an admission by the Seller that any statement in this Declaration is false; it states the legal position that applies if one is.

7.5 Clause 7.3 does not run in the Buyer's favour for a fact the Buyer already knew was different from what this Declaration states before relying on it, or for a change of the kind disclosed at Clause 5.1 actually happening after the date of this Declaration.

8. Stamping, form and effect

8.1 This Declaration takes effect once signed on properly stamped paper — see the stamping and registration notes carried with this document. It need not be registered to be enforceable between the Seller and the Buyer, though the parties may register it if they wish to.

8.2 If any clause of this Declaration is held invalid or unenforceable, the rest continues in force. The headings are for convenience only. A clause that depends on a fact stated elsewhere in this Declaration — the signatory's designation, the reconciliation at Clause 4.4, the disclosure at Clause 5.1, or the Agreement to Sell particulars at Clause 3.1 — applies only where that fact is present, and a cross-reference to it is to be read as inapplicable where it does not appear.

9. Notices and disputes

9.1 A claim that anything in this Declaration is inaccurate should be raised in writing with the Seller at the address in Clause 1, promptly and with particulars, so the Seller can investigate while the facts are current.

9.2 Any dispute arising out of this Declaration will be subject to the civil courts at the place where the Property is situated.

SCHEDULE — DECLARED RENTAL INCOME

Property: __________ (__________)

Tenant: __________

Lease/rent agreement dated: __________

Contracted annual rent: __________

Actual rent received, __________ to __________: __________

GST treatment: __________

Reconciliation: __________

Known imminent change: __________

SIGNATURE

Signed at __________ on __________.


SELLER

Signature: ______________________________

Name: __________

PAN: __________


WITNESS 1 — for a Chandigarh registration this witness must qualify under paragraph 127 of the Punjab Registration Manual and be known to the Sub-Registrar. Not needed if this Declaration is only notarised.

Signature: ______________________________

Name: __________

Address: __________


WITNESS 2

Signature: ______________________________

Name: __________

Address: __________


RECEIVED BY THE BUYER — this only records that the Buyer received this Declaration on the date below; it is not the Buyer's agreement with its contents.

Signature: ______________________________

Name: __________

Date received: ______________________________


Before you sign: buy the stamp first, in the Seller's name, and only then sign, date and notarise this Declaration — see the notarisation note carried with this document. Attach the Seller's PAN and, if the Seller is an entity, the authority relied on for the signatory. If Clause 4.4 or Clause 5.1 discloses anything, attach whatever record supports it — a rent ledger, a bank statement, or the escalation clause of the Lease. Keep the signed original with the Buyer.

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