Lease - agriculture land
SRINIVAS THATIKONDA
(Querist) 21 June 2012
This query is : Resolved
Dear All
One of our Group Co. (Private Limited Company) would like to take agricultural land on lease to make use for its commercial purposes. Landlord has agreed to convert from agriclture to non-agricultural land and therefater to enter into lease deed. Compamy needs to pay some advance amount to start the conversion process.
Lease period is 5 years.
Can you gudie us what are the steps to be taken.
For example, Can we first enter MOU and pay the advance. After conversion, can the company enter into lease deed. Is this legally valid.
regards
Sankaranarayanan
(Expert) 21 June 2012
your business company can offered to pay legal fee so better to consult a local lawyer and pay fee and ask him to do all
Adv.R.P.Chugh
(Expert) 21 June 2012
Yes first execute an MoU followed by a registered sale deed.
Shonee Kapoor
(Expert) 21 June 2012
:-) consult an advocate of your area of operation.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
