Legal Question in Real Estate Law in India

Lease deed

I work in a Bank.The Bank has not

issued any circular instructions

regarding financing units which

operate on a rented premises.Bank

instructions require a specific form

signed by the land lord.We have

received a proposal which which is

run on a leased out premises.The

land lord and tenant have executed

a lease deed on a Rs.100 stamp

paper which is not registered.Will

this unregistered lease deed may

harm our interest as creditor.


Asked on 7/08/09, 9:54 am

3 Answers from Attorneys
Shrichand Nahar S.V.Nahar, Advocate

Re: Lease deed

If period of lease is less than 1 year, then registration is not compulsory. Lease of 1 year or more is compulsorily registrable.

If a document require registration, non-registration may make that document invalid.

Read more
Answered on 7/09/09, 12:59 am
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: Lease deed

It should not affect you in any manner.

Read more
Answered on 7/08/09, 10:58 am
Rohini Kumar Tenneti R.K.1080 LEGAL SERVICES

Re: Lease deed

The onus of burden will be on the banker.

Read more
Answered on 7/08/09, 12:11 pm


Related Questions & Answers

More Real Estate and Real Property questions and answers in India