selling of lease property
BHAVESH Y KAYASTHA
(Querist) 11 August 2010
This query is : Resolved
we have property in ahmedabad on lease for 99 years since british rule. but, lease is expired in 1986 now govt. has made shero for his ownership right on property documents. now we want to sell this property can we do so and how ?. govt. is goint to renew the lease with market price so can we claim any rebate for renewal because we are the lease holder since british govt. rule please guide us for this lease expiry issue. govt. is not taking any decision for this issue for last 3 years
adv. rajeev ( rajoo )
(Expert) 11 August 2010
you can sell the lease hold rights of the property. But your lease hold rights are expired so you are no lease hold rights until its renewal.
Devajyoti Barman
(Expert) 11 August 2010
After expiry if the lease gets extended then it is a new lease agreement on new terms and conditions. The long possession over the property in leasehold right does not give you any statutory edge. You better make written representation to the govt praying for concession.
Rajeev kulshreshtha
(Expert) 11 August 2010
In this position you cannot sell the property until the renewal. You have to wait till the govt. decision and the question of rebate is also depends upon govt. policy.
s.subramanian
(Expert) 11 August 2010
yes. i agree with rajeev kulshreshtha
DEFENSE ADVOCATE.-firmaction@g
(Expert) 17 August 2010
Search the old records and find terms of original lease , you will get some relief.
Morever in property matters out of ten points nine points is possession and one point is rest.
So any body who has immediate use can buy from you not by sale but some other agreements.
