Query regarding lease

Keerthi M (Querist) 01 April 2014 This query is : Resolved
Hi Sir / Madam
I have a query regarding a lease of land to buid a School.
A international school has approached us for leasing a land to build a international school for a period of 30 years.
will there be any legal problems at the end of the lease period of 30 years, as it is a school.
please assist me in the same

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M.Sheik Mohammed Ali (Expert) 01 April 2014
any agreement you should register your agreement, then only its valid and you have legal rights.

Keerthi M (Querist) 01 April 2014
Yes we will have agreement... but after 30 years will there be any problem

Rajendra K Goyal (Expert) 01 April 2014
Take the draft of the agreement to be signed and get it vetted from your lawyer.

ajay sethi (Expert) 01 April 2014
you can afford legal fees . contact a local lawyer . get lease deed drafted by a lawyer /. dont provide for any renewal clause

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