Quadir 18 November 2023

Lease surrender

Hello,

Dear experts, I would like to know,

- what would be the charges/stamp duty on surrender of perpetual lease of a shop in Uttar Pradesh i.e. surrendering it to the sons of original lessor.

- When one gives a contructed shop on perpetual lease (and reserving an annual rent), can the owner/lessor later sell the ownership rights to a third party?

- After acquaring the ownership rights, can the new owner get the proeprty vactated under the new rent act of U.P.?

Thanks and regards

Reply Follow

Quick Summary

This discussion explores the charges and stamp duty applicable when surrendering a perpetual lease for a shop in Uttar Pradesh, specifically when returning it to the original lessor's sons. It also questions whether a lessor can sell ownership rights of a leased property and if the new owner can evict the tenant under the new UP rent act. Advice suggests consulting a local lawyer with the lease deed for accurate guidance.