Hi,
Here, I am talking about a small shop, purchased by my father for his livelihood after retirement . It is purchased by a famous builder through the property dealer. Installments are still going on but recently he got to know that builder has changed his mind and going to sell the whole floor, on which my father's and others shops are, to other famous personality and want us to leave the shop and offering the following options inturn:
1) Sell him back the purchased shop.
2) Buy another shop/office on other floor and pay extra difference amount.
3) Give him our shop on lease to him for some years say 9 years.
My father neither wants to sell the shop nor he is in a position to buy another shop and pay the difference. Now he lefts with 3rd option but he is not sure what will happen after lease period. Will this shop be with him or not?
What could be the pros and cons to give shop on lease? Can you please advice us?
Thanks in advance
Pooja Sharma
