Akhil Pillai 23 July 2018
My Shop,under pagdi system has been owned & rented since 25 plus years with no rights and demand of rent from the landlord.Us, as a part owner,are we entitled to ownership of the land fully?? or is there any right of ownership still from the landlord?
Adv Deepak Joshi +917017821512 (Advocate) 23 July 2018
Pagdi system the only deviating factor is that the tenant becomes a part owner of the house and not of the land. This tenant continues to pay rent to the owner as long as he is not sub-renting the premises. Additionally, the tenant has the option to sell the said property while giving a percentage of the gross amount to the owner. This percentage varies from anywhere between 30-50%.
Kishor Mehta (CEO) 24 July 2018
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