I have my possible new landlord talking about getting our rental contract
Sounds like another way of saying ‘notarized’. They take the document (any document) down to the courthouse and someone there puts a huge official chop on it to say they’ve looked at it, and it seems like an original. It doesn’t really mean any more than that, and it’s no more legally binding than before.
[quote=“OutofChaos”]I have my possible new landlord talking about getting our rental contract
if government find out the landlord didn’t pay any taxes for the rent…what;s the fine or whatever?
Good call, godspeed. I never heard of such a thing. In most countries there’s no need to register a rental agreement with the court. Even in Taiwan it’s not necessary. A contract is a contract and should be enforceable regardless.
But I just asked my wife and she agreed that Taiwan does have a procedure for registering rental agreements with the court and it does have tax consequences. The landlord will then be required to pay income tax on the rent and the tenant can deduct the rent for tax purposes. So why would the landlord want to do it? Must be as godspeed suggested – that somehow it’s easier to enforce the agreement in the event of breach (although as I stated above, it’s my belief that the agreement would still be totally enforceable without such registration, but apparently there must be some slight advantage).