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Query regarding residential property
QUERY NO. 1:
WILL THE SUB REGISTRAR REGISTER A SALE DEED IN RESPECT OF LEASE HOLD RIGHTS OF SELLER OF LEASE HOLD PROPERTY (RESIDENTIAL) IN FAVOUR OF BUYER?
QUERY NO. 2:
WILL THE L & D O OFFICE HAVE ANY OBJECTION FOR CONVERSION OF (RESIDENTIAL) PROPERTY FROM LEASE HOLD TO FREE HOLD APPLIED FOR BY THE BUYER AFTER PURCHASE OF LEASE HOLD RIGHTS?
THANKS & REGARDS
SANJIV BATRA
Replies (1)
1. Legally No, unless it is transfer of lease rights.
2. May even cancel the lease rights (if its outright sale). Check original lease terms. Lease terms can be transferred based on prior permission obtained from L & D office over prescribed form.
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