Multipurpose Room is considered as commercial property?
01-Dec-2023 (In Property Law)
I got a 180 carpet area multipurpose room from builder in redevelopment. So what does multipurpose room mean in terms of property type. Will it be considered as commercial property?
This is my response to you:
1. If you are using it for commercial activities then it will be termed commercial property;
2. If your commercial activity is your profession or you are using it such that your livelihood depends on it then it is not commercial property;
3. You will need to approach a local lawyer with more facts of your property;
4. Consult a local lawyer and take steps.
1. If you are using it for commercial activities then it will be termed commercial property;
2. If your commercial activity is your profession or you are using it such that your livelihood depends on it then it is not commercial property;
3. You will need to approach a local lawyer with more facts of your property;
4. Consult a local lawyer and take steps.
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
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