Hire purchase

Querist : Anonymous (Querist) 28 October 2011 This query is : Resolved
sir
how can make hire purchase agreement of immovabale property ?

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Devajyoti Barman (Expert) 28 October 2011
No, it deals with with moveable property only.

ajay sethi (Expert) 28 October 2011
for immoveable property you cannot enter into hire purchase agreement .

however you can take loan for purchase of immoveable property and repay loan in equated monthly installments

prabhakar singh (Expert) 28 October 2011
Adventurous you seem ,i can design one for you unfortunately law does not permit it. However the TPA by its section 53A recognizes
it but in a bit different way.

Shonee Kapoor (Expert) 28 October 2011
Lol Mr. Prabhakar

Regards,

Shonee Kapoor
harassed.by.498a@gmail.com

Sailesh Kumar Shah (Expert) 29 October 2011
I agree. No reason to differ.

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