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Company providing advance for rental property for staff - CiteHR

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SH

Shai89308

Executive Hr

AS

Ammu Shanvi

Human Resource

GS

G SHASHI KRISHNA

Senior Manager - Hr

AH

Aizant HR

Human Resources

MA

MARSHAL

Safety Officer

AK

Anish Katoch

Hr Executive

PR

PranjalR

Hr Recruiter

AP

Alka Pal

Hr Executive

Karthikeyan8195

Management Consultant

MK

Mohit Kumar Puri

Head Marketing

AU

Austex

Accounts Manager


reshmi.kurup
My company is planning on providing the caution deposit on a rental property for our staff. The agreement will be in the name of one of our employees and the rent will also be paid by them.
My question is, how can the management ensure that there is no misuse of the money and trust?

From United Arab Emirates, Dubai
manojkamble
377

Dear Rashmi,
You can ask the employee to submit an copy of the rent agreement to the company and company can pay the money by issuing cheque or direct deposit to the owner's account. This will help you to avoid misuse of money.


nathrao
3124

Have a clear policy.
What will happen if there is dispute between house owner and tenant/employee?
How will the company ensure refund of money from owner who is 3rd party?
Take all possibilities into a/c and then as per local laws frame a uniform policy.

From India, Pune
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