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Need of Mutation before selling leasehold property.
01-Dec-2023 (In Property Law)
Upon the death of the owner of a society flat in New Delhi, his legal heirs are making relinquish deed in favour of one of them and plan to sell it off. Is Mutation necessary to be done before selling it off? The flat is still on leasehold , not yet freehold.
Yes it is necessary to get the property mutated so as to bring the new owner on record of the land revenue department.
The mutation has to be done even for leasehold properties. For freehold properties mutation is done by MCD while for leasehold properties it is done by DDA or L and DO office.
The mutation has to be done even for leasehold properties. For freehold properties mutation is done by MCD while for leasehold properties it is done by DDA or L and DO office.
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Adv. Samyak Raj
Delhi | 500+ Answers
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How do I convert my lease to freehold?
The lessee must first acquire ownership in order to convert a leasehold into a freehold. Important documents, such as the search report, sales agreement and sale deed, are required. If your property is located on government-leased land, you will need to get permission from the authorities. 07-Jun-2021
Who is the actual owner of leasehold property?
Leasehold property is property that has been leased out to another party. Lessee is the term used to describe the person leasing the property. The lessor is the owner of the property. Leasehold property is the property being leased by the lessor to the lessee. 17-Nov-2022
Can leasehold property be transferred?
What is Leasehold Rights Assignment? Assignment of leasehold rights refers to a transfer of the rights or interest in a leasehold on land from one party to another. The assignment of leasehold rights on land involves the transfer from one party to another of the rights and responsibilities associated with the original lease agreement. 02-Jun-2023
Can I sale leasehold property?
A leasehold property can be sold in the same way as any other type of property. Selling such properties may require some complicated paperwork. If the lease period is longer, it is easier to sell the property. A short lease tenure can make it difficult to find a buyer. 17-Apr-2023
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