Can a leased out property get sold during its lease period to some1 else?both by registered deeds?
Saikat (B Tech) 31 March 2011
Can a leased out property get sold during its lease period to some1 else?both by registered deeds?
bhagwat patil (Property due diligence 9422773303) 01 April 2011
it can be sold with keeping lease unaltered.it should be mentioned in saledeed
SALA SATEESH (lawyer) 01 April 2011
Dear Sir,
your certainly purchase of the property which is subjected to lease, in order to get rid of the Lessee better to give him a notice of intention of purchase of property.
subsequently satisfied with the LESSEE obtaing "NOC' for your sale transaction, then execute a fresh lease deed afer the formalities of registration.
go through the terms and conditions of Lease Deed. whether any clause abstaining the sale of the schedule property which is being leased.
if any, pls. feel free to revert.
Regards,
S.Sateesh
sateesh_1974@rediff.com