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Agriculture land on 10 years lease bank declared me as defulter


28-Apr-2023 (In Property Law)

I am landlord of agriculture land approximate area 3 acre, this land i am giving on lease, tenant will use land for poultry farm, for this nabard is financing him, for security nabard is mortgage property papers, in case if tenant doesn’t repay amount of loan, my property will come under bank and i will declared as a defaulter so in that case what should i have to do, which kind of formalities i have to do with tenant for becoming me more safe.

Answers (1)

Answer #1
964 votes
Take some security deposit from him . I am having doubt as to whether your property will be attached. As you are the owner of the property and not the guarantor of the loan your property in my opinion can't be attached . However everything depends upon what kind of agreement is entered between you and your tenant and between your tenet and NABARD

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