Special points to be looked in renting a commercial shop.

Suhita Mukherjee (Querist) 07 August 2019 This query is : Resolved
I have purchased a commercial shop from Gov in Kolkata.Shop is yet to be mutuated.In case I let the shop on hire standard Lease Agreement should be how many years . Whether mutation is mandatory

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SHIRISH PAWAR, 7738990900 (Expert) 07 August 2019
Once you purchase the property it has to be mutated in land records. There is rule regarding the years of lease agreement however it is mandatory to register the lease agreement by paying stamp duty and registration charges.

P. Venu (Expert) 08 August 2019
What is the problem in getting the property mutated in public records?

Dr J C Vashista (Expert) 09 August 2019
Get it mutated in your name and rent it out through a registered Lease & Licence Agreement.
However, it is advisable to consult a local prudent lawyer for better appreciation of facts, guidance and proceeding.

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