6 Answers
Whenever there is 99 Years Lease Property and you want to sell before the you will have to make a tri party Agreement between Seller, buyer and the lease of 99 years , If the 99 years Lease can not come for registration then NOC from end is Required to make the sell valid.
Though it is possible but on safer side sale consideration should be paid by buyer before sale deed is signed and be registered. In sale deed there would be a clause that seller has received full consideration so if buyer refuse to honour cheque then it would be very difficult to recover the sale amount.
Dear client,
Based on your question it is evident that you are attempting to sell a leased property. Kindly note that such a sale is invalid as you do not possess the complete ownership necessary to perform the transfer of property as laid down in the transfer of property act. Instead of a sale you can sub-lease the property if the lease agreement that you possess allows the same. Further, note that non-compliance of the lease deed will automatically revoke your lease.
For further discussion feel free to reach out to us.
Dear client,
Based on your question it is evident that you are attempting to property that was leased to you. Please note that such a sale is void under the Transfer of Property act. Further, it may also vitiate your lease deed according to the act. Therefore, attempt to lease the property ONLY if the lease deed allows for the same.
For further discussion feel free to reach out to us.
The sale deed should never be signed before payment has been received. Make sure the check is given at registration or is expressly stated in a contract.