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What is the procedure buy a flat which is on lease hold land?
06-Feb-2023 (In Property Law)
I am planning to purchase a flat. The flat is on a lease hold land. If i want to buy the land, what is the procedure to buy it?
The existing lease will have to be terminated and the lease hold property will be converted to a free hold property. Simply put, you will have to execute a sale deed with the owner of the property. Proper stamp duty and registration fee will have to be paid. Do conduct a proper title search before purchasing any property. Feel free to get in touch with the LawRato team at 9599-000-555 for further assistance.
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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