90,000+ Legal Questions Answered
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.
Helpful
Helpful
Share
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.
Helpful
Helpful
Share
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.
Helpful
Helpful
Share
Read Related Answers
Inheritance Rights Dispute Over Mothers Property in Bengaluru
Dear Client,
A property when left by the deceased owner intestate i.e, without any will, is devolved upon the surviving legal heirs in equal share following the law of inheritance/succession. After t...
EWS Certificate
Dear Client,
The death certificate of a deceased person is a crucial document that is mandatorily required for the issue of a legal heir certificate either by the Municipal Authority or to apply for a...
POA from SriLanka to India citizen Resident Indian
Dear client,
If the seller of the property is not now in India, he can still execute a POA abroad, but the process is slightly different. His first step is to visit the Indian Embassy or Consulate in...
Darkast agriculture land sale
Dear Sir,
If there is perpetual restraint from selling the land then the grandson cannot sell without the permission from the Deputy Commissioner. The conditions in the Darkasth to be read.
Mutation of property in authority records based upon registered gift deed
Dear Sir,
Yes, the mutation will be taken place as jointly in respect of your respective wives. You have to produce certified copies of both the Gift Deeds.
Read Blogs on Property
Property Lawyers
Find Lawyers by Location