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Real Estate Forum on Lease-hold Property

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Q: What are the advantages & disadvantages of such property?
Latest Answer: Definitely UP Govt.& developing authority has to take serious step regarding the conversion of lease land to free hold land in Noida. Delhi has set example by converting leased land to freehold land. Noida people are suffering from this & feeling insecure here. It felt like promised are made to fool people during poll campaign. After election, all promises are in wind. It is the time for responsible authorities to take action for it.
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Q: I want a property on lease, so that I can avail it to run my business. I want to know for how many maximum days I can hold the lease property. Can I rent/sell this property during this period?

Latest Answer: If you want to go for a lease-hold property, it means you would not be the real owner of the property. You can avail the lease period up to 99/999 years. It depends upon you whether you take a short-lease or a long lease. As you are not the real owner of the property, you cannot sell it. You can use it for commercial purpose under the consent of its owner.
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