Lease deed

gopal (Querist) 23 February 2016 This query is : Resolved
We being Lessee;A registered lease deed was executed for 10 years with lessor .That applicable Stamp Duty for 10 yeares rent amount was paid and the said lease deed was registered in the office of Sub-Registrar Raipur.

That last month the lessor sold the premises to another whereby the new lessor crept in. The new lessor is ready & willing to abide by the same terms and condition of the registered lease deed as executed.
Query:
With such change in lessor do we need to execute fresh registered lease deed and again pay the applicable stamp duty of remaining 7 years or is there is any other registered instrument. The lessee is nationaliseb Bank and for it registered instrument is nessary. Sub-registrar office says with change in lessor the lease goes and thus new lese deed with the new lessor. Lessee says when we have already paid the applicable stamp duty for total ten days why we should again pay for the same,pl opine.Thanks

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Santosh Goswami,Advocate (Expert) 23 February 2016
Yes, a new lease deed would be required since the owner has itself been changed but the first owner is liable to pay the stamp duty and other charge. He is legally bound to do that since lease deed executed earlier is basically a contract which he can not violate in between.
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Adv. Yogen Kakade (Expert) 23 February 2016
As the property has been sold to some other person and the title of the property is changes, it is necessary to see in detail the clauses mentioned in the said sale deed about what were the terms decided regarding the current lease rights.