My father leased our land to Bharat Petroleum Corporation Ltd for a period of 50 years. The lease agreement is set to expire in 2017. There’s no mention of renewal or extension in the contract. Will they vacate the land after the lease period ends? I’m seeking guidance on this matter.
The lease agreement expires in 2017, and there’s no provision for renewal or extension. Based on Indian law, Bharat Petroleum Corporation Ltd is legally obligated to vacate the land upon lease expiry. You should consult a lawyer to confirm this and advise on further steps to ensure the land’s return.
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