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Lucid (Manager)     18 October 2013

Renting out property before transfer

Hello,

One of my uncle has expired leaving behind a flat which can be rented out. Can the property be leased before the share certificate transfer has been completed?

 

Thanks



Learning

 2 Replies

T. Kalaiselvan, Advocate (Advocate)     18 October 2013

The owner of the flat can enter into a lease agreement with the prospective tenant, so once the owner is decided, he can lease it out officially, in the meantime, the unofficial let out will not have any meaning over the legal issues at a later stage.

Lucid (Manager)     19 October 2013

Can the nominee make a registered lease agreement and lease it out in the meantime?


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