Loan against a perpetual lease hold property
Mayank
(Querist) 21 July 2014
This query is : Resolved
I have an ancestral property, the leasehold rights for which were given to us by the government of U.P. The lease is perpetual in nature and free of rent. Currently, I am in need of a loan to start a business. My question is if I can get a loan somehow against this leasehold property. Will the bank accept it as security?
Dr J C Vashista
(Expert) 22 July 2014
Show the documents to your banker through a local expert lawyer.
Same query with slight modification and same reply as earlier.
Rajendra K Goyal
(Expert) 22 July 2014
Consult your Banker, it would get opinion in case of need from its lawyer.
T. Kalaiselvan, Advocate
(Expert) 24 July 2014
Query repeated in a different form in a different thread but ultimately the meaning is same. You have been given proper opinions and suggestion on that thread itself, you may visit that again.