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Author Topic: Can i buy a commercial property jointly with my friend?  (Read 86 times)

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Offline saran4uonly

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Can i buy a commercial property jointly with my friend?
« on: November 12, 2018, 02:15:02 AM »
Can i buy a commercial property jointly with my friend? If yes, what are the points i have to keep in mind. What are the legal pros and cons. Finally we would like to least/rent the property. Any issue in doing the same if it is joint property?

Offline kalaskarkk

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Re: Can i buy a commercial property jointly with my friend?
« Reply #1 on: November 12, 2018, 11:06:59 PM »
Dear Sir,
If you want to purchase properties jointly with person who is not related to you. You must be very careful and first get a registered Memorandum of Understanding or get registered partition deed describing terms and conditions to deal with such purchasers and other terms and conditions.
« Last Edit: November 29, 2018, 02:55:30 AM by admin »
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