Dear sir,
kindly provide me details can a leasehold land be sold partialy or not.
thanks in advance
kunal (MD) 13 June 2012
Dear sir,
kindly provide me details can a leasehold land be sold partialy or not.
thanks in advance
Adv.R.P.Chugh (Advocate/Legal Consultant (rpchughadvocatesupremecourt@hotmail.com)) 13 June 2012
Generally such agreements are contingent contracts - enforceable in case the lessor (Authority) gives consent/permission, if it doesnt the contract falls. It may be of full or half of the property.
pervez (adviser) 13 June 2012
Friend, your query is incomplete..... you have not stated the nature of lease.. any way....
I agree with my learned friend... Further to add that if the lease is of perpetual in nature and lease itself contain a clause permitting the lessee to sub-let or dispose it off / sale [ partly or wholly], it is possible..... The examples may be seen from Govt. leases especially for residential puposes...
Regards
kunal (MD) 13 June 2012
Thank you so much for your prompt responce.