Heter Iska
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Question
Hello, For the purpose of signing a Heter Iska, I purchased a part of my father's apartment. I would like to know if I need to agree with him on rent so that it is considered that I have income from the apartment, or is it sufficient that I pay the bank the rent itself after I transfer it to the bank. In other words, is this detail included in the standard Heter Iska agreements that part of the 'interest' is actually rent for what they own in my apartment, and I continue to live there?
Answer
Hello
In truth, this is included in the Heter Iska. However, it is better to specify.
Source
According to the instructions of the Gaon, Rabbi Avraham Fried, shlita