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Lease hold property

Others 541 views 3 replies

JaiNitH KuMaR

*Aspire Then Inspire* !!

217 Points Posted on 25 August 2012

Can anyone plzz tell me exactly what is thiz leasehold property mean and what is thiz 99 year lease..??

Plzzzz Waiting For The Earliest Reply..

Thanking You

Replies (3)

CA SANDESH MAHIPAL

Practicing in GST and MSME

1985 Points Posted on 25 August 2012

Lease is a type of agreement between lessor and lessee for transfer of property to lessee for a certain period for specified consideration. You can understand it ljke taking a property on rent. Maximum period for lease can be 99 years. Feel free to ask more Regards Ca Sunny Aggarwal

JaiNitH KuMaR

*Aspire Then Inspire* !!

217 Points Posted on 25 August 2012

Originally posted by : CA SUNNY AGGARWAL
	Lease is a type of agreement between lessor and lessee for transfer of property to lessee for a certain period for specified consideration. You can understand it ljke taking a property on rent. Maximum period for lease can be 99 years. Feel free to ask more Regards Ca Sunny Aggarwal

But Sir I have read in some articles that thiz 99 years dosen't apply now a days.. Is it True ??

Does anyone take it for 99 years huh..??

CA SANDESH MAHIPAL

Practicing in GST and MSME

1985 Points Posted on 25 August 2012

I do not come to know about any such article. Government gives land for industrial purpose on lease for a term of 99 years. Some of my relatives also having such land for 99 years. But if you know about such article please share the link. Regards CA Sunny Aggarwal