Want to know difference between lease dead and sale dead
JITENDRA
(Querist) 15 October 2011
This query is : Resolved
I am a purchaser of house under construction by a government housing board. Earlier they intend to execute lease dead of plot but now they want to execute sale dead. I want to know difference between lease dead and sale dead, because of monetary burden.
Sailesh Kumar Shah
(Expert) 15 October 2011
1. After execution of sale deed, you are absoulte owner, and yoylu can transfer without permission of Board. Whereas in case of lease deed, you can't.
2.In case sale deed, no need to pay rent.
3.need for renewal of lease deed periodcally, where as sale deed,there is no need.
Sankaranarayanan
(Expert) 15 October 2011
mr shah given opt answer to your query, i do agree on it
Guest
(Expert) 15 October 2011
In addition to the information by Mr. Shailesh Shah, it can be added that lease deed is an authority to hold the property for a certain fixed period and the ownership remains with the lessor. After expiry of the lease deed, the lease may or may not be extended by renewal by the lessor at his discretion. On the other hand in the case of a sale deed, you become the absolute owner of the property.
ajay sethi
(Expert) 15 October 2011
agree with experts . sale deed is better than lease deed . you will become absolute owner of the property
Raj Kumar Makkad
(Expert) 15 October 2011
Your query is just for menetary purpose. You shall have to arrange bigger amount for sale-deed because you are becoming owner of property whereas lesser amount is required in lease because you are going to become like tenant.
prabhakar singh
(Expert) 15 October 2011
Simple Hai! very simple!
In sale you get two things.
PoochenWhat??
a]title
b]possession
BUT In A lease you get b] but not a]
JITENDRA
(Querist) 16 October 2011
Thanks to all experts for solution.
Nadeem Qureshi
(Expert) 19 October 2011
i think you are satisfied with aboved opinion I am also agree with them
