Thinking of buying a flat on lease in India? I’m looking at a lease for 10 years, not renting or purchasing. What’s the process involved?

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Law Forum › Category: Landlord / Tenant › Thinking of buying a flat on lease in India? I’m looking at a lease for 10 years, not renting or purchasing. What’s the process involved?
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Apni Law Staff asked 2 years ago

Thinking of buying a flat on lease in India? I’m looking at a lease for 10 years, not renting or purchasing. What’s the process involved?

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Apni Law Staff answered 2 years ago

In India, purchasing a flat on lease for 10 years is typically governed by the Transfer of Property Act, 1882. You’ll need to enter into a formal lease agreement with the owner, outlining the terms and conditions, including rent, maintenance responsibilities, and renewal options. It’s recommended to consult a lawyer to ensure the lease agreement is legally sound and protects your interests.

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