Property Knowledge: What is the difference between registry and lease? Understand these important points before purchasing property

 
property news

Difference between registry and lease: Before buying any type of property, it is very important for you to know about the terms lease and registry. Many times, due to lack of information, people buy such land and later regret it. Before purchasing a house, house, shop or land, it is mandatory for you to have complete information about the property.

After purchasing the land after investigation, the doubt that any kind of fraud is being done to you is completely eliminated. There are three types of land documents in which there is usually confusion regarding the leased land. The remaining 2 lands are those of registry and notary and there is not much cost or doubt in purchasing them. We will discuss in detail about these three types of lands.

Those people who buy and sell land know what leased land is or those who have got land on lease. Before buying any type of property, it is very important for you to know about the terms lease and registry. Many times, due to lack of information, people buy such land and later regret it. Before purchasing a house, house, shop or land, it is mandatory for you to have complete information about the property.

After purchasing the land after investigation, the doubt that any kind of fraud is being done to you is completely eliminated. There are three types of land documents in which there is usually confusion regarding the leased land. The remaining 2 lands are those of registry and notary and there is not much cost or doubt in purchasing them. We will discuss in detail about these three types of lands.

Those people who buy and sell land know what leased land is or those who have got land on lease. The government owns the leafy land, but the person on whom the land is leased can use it in his own way.

Who is the owner of the leased land?

Pattas are given to people according to various types of new schemes by the government. Some assistance is provided to landless families under the lease of land provided by the government. No particular person has any right on the leased land. Only the government has authority over this. The government provides land on lease to poor families to fulfill any purpose. But the real owner of the land is the government.

The land given on lease has different rules made by the government. This land cannot be sold to any other person nor can the land be transferred. The address is issued by the local body as per the criteria and conditions set by the government. There are many types of leases, the duration of which is as per the rules set by the government.

What is the registered land?

Once the land is registered, the seller gets the right to transfer or sell his property. Both the seller and the buyer are included in the registry and witnesses are also required in the registry. After registration, the responsibility of repairs and maintenance falls on the buyer. And no other person has any right on his property.

Tags

Share this story