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Buying a Leasehold Flat in Kolkata
2 years ago
I am planning to buy a flat in Kolkata but it is a company leasehold flat for 99 years. Already 36 years over. It is an apartment of 30 flats. Now the company dissolved in 2008. What will happen then after 99 years when the lease ends?
Ayantika Mondal @ Prime Legal
Responded 2 years ago
A.Hi,
Since the company stands dissolved, the person who has the ownership of the flat will regain possession. You can approach to offer your proposal for buying the flat before he enters into a lease agreement again or sells it someone else.
If you found my answer helpful then kindly rate me.
Since the company stands dissolved, the person who has the ownership of the flat will regain possession. You can approach to offer your proposal for buying the flat before he enters into a lease agreement again or sells it someone else.
If you found my answer helpful then kindly rate me.
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A.Hi,
The person who had leased the flat to the company will now regain possession. You can offer the proposal to buy the flat before he leases it again.
If you found my answer helpful then kindly rate me.
The person who had leased the flat to the company will now regain possession. You can offer the proposal to buy the flat before he leases it again.
If you found my answer helpful then kindly rate me.
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A.Whosoever gave the flat on lease will either take the flat back on expiry of lease or will renew the flat for next term of 99 years or so depending on the condition of the flat.
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