Experience The NoBrokerHood Difference!

Set up a demo for the entire community

Thank You For Submitting The Form
Home / Legal / When leasehold property can be treated as a Freehold Property ? If the estimated life of a building is 80 Years or more?
Q.

When leasehold property can be treated as a Freehold Property ? If the estimated life of a building is 80 Years or more?

view 197 Views

1 Answers

2 Year

Comment

whatsapp [#222222128] Created with Sketch. Send
0 2022-06-06T21:49:20+00:00
⤺ Reply

The developer is given a lease on the land on which the property is built for a set period of time. The lease length typically ranges from 30 to 99 years. The government enables the transfer of a leasehold property to freehold property in exchange for payment of conversion fees. It also ensures the right to purchase a new lease when the existing lease expires. So to answer your question, the treatment of property changes to freehold from leasehold only after the due process is followed to convert the property status as mentioned.

Read More: How much does it cost to extend leasehold? Conversion deed from leasehold to freehold How to convert leasehold property to freehold?

Shifting, House?

✔

Lowest Price Quote

✔

Safe Relocation

✔

Professional Labour

✔

Timely Pickup & Delivery
inline_cards

Intercity Shifting-Upto 25% Off

Check Prices

inline_cards

Intracity Shifting-Upto 25% Off

Check Prices

inline_cards

City Tempo-Upto 50% Off

Book Now

Most Viewed Questions

I Want My Shop To Be Rented for Bank ATMWhat is the difference between sales agreement and sales registration?What is the Unregistered Sale Agreement Validity Period?How much is stamp duty and registration in Mumbai?Can a Property be Registered in Two Names?How is betterment charges/improvement charges calculated for an apartment? Is it calculated based on UDS or the Built Up area? Is it a one time payment? And if the BC/IC is paid by the builder for land before construction do we need to pay it again for apartment?Can GPA Holder Register Property in His Own Name?What is the difference between the registration of agreement of sale and sale deed?Difference Between Sale and Exchange?What happens when someone dies before completing an agreement to sale an immovable property?See All

Recently Published Questions

Can I gift my property other than my family membersCan a Property be Registered in Two Names?What is the validity of sale deed registration?Can a Registered Sale Agreement be Cancelled?What is the Difference Between Notary and Stamp Paper?What Happens If Buyer Breaches the Sale Agreement?I have booked a flat by paying Rs 1 lakh. Within 15 days if I will cancel the booking then how much refund I will get from the builder?How to Get Land Valuation Certificate?Can I do sale agreement of my flat since the construction is in progress with the builder?Is Stamp Duty Applicable on Resale Flats?See All

Authors Of The Question

profile
singhdivyesh

0 Total Answers


0


profile

Recently Answered Questions

What are the reviews of Alliance Humming Gardens, Thayyur, Chennai? What does it mean 'company' in preferred tenant. Does 'company' means living together? How to file a case for land dispute? How to replace rollers on sliding closet doors? What qualifies as proof of income? How much time it takes to get succession certificate? When leasehold property can be treated as a Freehold Property ? If the estimated life of a building is 80 Years or more? What is the price of property in Sivasagar? We are interested for 1RK For me and my husband. Just perfect for both of us. How much it cost.? Please reply. What are the reviews of Gem Nakshathra, Kokapet, Hyderabad?
Flat 25% off on Home Painting
Top Quality Paints | Best Prices | Experienced Partners