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Saikat (B Tech)     31 March 2011

Sale of leased property

Can a leased out property get sold during its lease period to some1 else?both by registered deeds?



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 2 Replies

bhagwat patil (Property due diligence 9422773303)     01 April 2011

it can be sold with keeping  lease  unaltered.it should be mentioned in saledeed

SALA SATEESH (lawyer)     01 April 2011

Dear Sir,

your certainly purchase of the property which is subjected to lease, in order to get rid of the Lessee better to give him a notice of intention of purchase of property.

subsequently satisfied with the LESSEE  obtaing "NOC' for your sale transaction, then execute a fresh lease deed afer the formalities of registration.

go through the  terms and conditions of Lease Deed.  whether any clause abstaining the sale of the schedule property which is being leased.

if any, pls. feel free to revert.

Regards,

S.Sateesh

sateesh_1974@rediff.com


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