Transfer of property in case of M.I.D.C. leased property for business
24-May-2023 (In Property Law)
What happens after the death in 2011 of tenant (old proprietor) of M.I.D.C. leased land for proprietorship business.
I am Hindu.
Will his legal heir doing business with him(present proprietor since 2007) will be the only beneficiary or not?
The proprietor being an individual is the lesser of MIDC. Since the death of the proprietor is as of 2011, have you filed anything in MIDC for change of name of proprietor? What documents have you provided.
You will have to apply to MidC for further permits and change of name, which may attract premiums. The Lease should permit the transmission of lease into the successor, needs to be checked. Regularisation is a process with consensus from the Leasor.
You will have to apply to MidC for further permits and change of name, which may attract premiums. The Lease should permit the transmission of lease into the successor, needs to be checked. Regularisation is a process with consensus from the Leasor.
Can leasehold property be partitioned?
Sneh Sinha MANU/DE/0222/2000: 83 (2000)DLT 141 held the Lease Deed prohibition on subdividing does not apply to the partition of superstructures on leasehold land. 23 Sept 2023
Can leased property be inherited?
Yes. Yes. Rent Control Legislations protect the rights of heirs and family members. Even statutory tenancy can be passed on.
Who is the actual owner of leasehold property?
Leasehold property is property that has been leased out to a third 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
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