Dear Satish,
I will clarify it with the help of following specific example.
X has a flat in Delhi whiuch he purchased on POA basis from the original allottee
(X will enjoy all the benefits as an owner in respect of the flat by vitue of having physical possession of the flat but in DDA records, the original allottee will continue to be the owner until X pays all the dues to DDA and gets it freehold. This is a common feature in Delhi)
So legally x can not not be described as a lessor in case he wants to let the said flat on rent by entering 11 months lease.
Query :
What nomanclature should be mentioned in preambe and recital clause in the proposed lease agreement ,which in the normal course reads as under :
1. This lease agreement is entered between X hereinafter referred as "Lessor"
2. "Whereas the lessor is the abso;ute owner of flat No.....situated at......
and whereas the lessor has has agreed to let the said flat on l;ease top the lessee on mutually agreed terms and conditions as hereafter contained"
Hope the query is clear now.
Regards
P.c. Joshi