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Author Topic: ADVISE requested .......lease and POA type property  (Read 860 times)

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Offline kiwifigo

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ADVISE requested .......lease and POA type property
« on: March 19, 2015, 10:15:39 PM »
my father bought a plot in delhi area in unauthorised colony 30 yrs ago.this colony was authorised three yrs ago. the previous owners documents were registered, but because of illegal status my father was given a GPA. WILL of owner, affidavit supporting the irrevocable sale of land through GPA and sales agreement. my father passed away 3 yrs ago. now we are trying to sell the plot. we have been approached by a dealer who says that leasing this property to someone else will be a good option . my question are:
can this be done??      given the state of property papers??  what are the points i should keep in mind before entering into any such agreement??  what are the points i need to be alert about so that my interests are safe.....can they occupy my land?? what are the risks??

Offline advjaya

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Re: ADVISE requested .......lease and POA type property
« Reply #1 on: March 20, 2015, 01:00:30 AM »
First get the property registered in your name, if it is lease hold see if or can be registered as free hold. Do these things first
Madras High Court Advocate

Offline kiwifigo

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Re: ADVISE requested .......lease and POA type property
« Reply #2 on: March 20, 2015, 02:05:18 AM »
madam....
 the property cannot be registered because of the colony status..the govt had stopped registery in tese colonies long time ago......now even registeration of GPA as a tool to sell property  has been banned by supreme court.it is freehold....

 

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