PURCHASING A SITE FROM AN ASSOCIATION

Querist : Anonymous (Querist) 21 October 2009 This query is : Resolved
Hello! all

Greetings,

We've a proposal to purchase a site from as association, at present we're in lease of 10 years in that site, 5 years are completed. Now, that association wants to sell that site and take another site in another place. As we're in position in that site and lease period is also in active and we've constructed some sheds & an office in that site.

Now, what are the precautions, we've to take to purchase that site, as it is an associations site.

The body of association has elected the president/secretary as the person to sign on the sale document.

Please advise us how best we can do

Thanks & Regards

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Sudharsan.m (Expert) 21 October 2009
i agree with Mr.siva meanwhile ensure that the above said property is free from mortgage or encumbrances and is there any legal battle pending before the jurisdictional court.