A perpetual lease is an ongoing tenure over state land in accordance with the Urban Land (Ceiling & Regulation) Act, 1976. A landholder of a perpetual lease is responsible for complying with the term of the perpetual lease deed failing which the property/land may be revoked.
Perpetual leases are issued for a specific purpose (e.g. agricultural or commercial). The lease must only be used for the purpose for which it was originally issued. The issue of a lease does not automatically imply it can be used for the purpose issued (i.e. other authorities' approval may be required).
Among others, this form includes the following key provisions:
- Description of land
- Commencement
- Payment
- Covenants
- Termination
- Rights of parties
- Description and Instructions for Perpetual Lease of Land
- Perpetual Lease of Land for use in India
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Product Specifications
| Product | Perpetual Lease of Land - India |
| Country | India |
| Pages | 7 |
| Dimensions | Designed for Letter Size (8.5" x 11") |
| Printer compatibility | Designed to print on all ink-jet and laser printers |
| Editable | Yes (.doc, .wpd and .rtf) |
| Format |
Microsoft Word Adobe PDF WordPerfect Rich Text Format |
| Platform | Windows Compatible Mac Compatible Linux Compatible |
| Availability | In Stock. Instant Download |
| Usage | Unlimited number of prints |
| Category | Perpetual Lease of Land |
| Product number | #33492 |
| Download time | Less than 1 minute (approx.) |
| Document Access | Via secret online address Email with download links Email with attachment upon request |
| Refund Policy | 60 days, no-questions asked, 100% money back guarantee |
| Support | Customer support 1-800-959-5899 Online support Additional Help |
Perpetual Lease of Land
This
Packet Includes:
1.
Description and Instructions
2. Perpetual Lease of Land
Description and Instructions
Perpetual Lease of Land
A perpetual lease is an ongoing tenure over state land in accordance with the Urban Land (Ceiling & Regulation) Act, 1976. A landholder of a perpetual lease is responsible for complying with the term of the perpetual lease deed failing which the property/land may be revoked.
Perpetual leases are issued for a specific purpose (e.g. agricultural or commercial). The lease must only be used for the purpose for which it was originally issued. The issue of a lease does not automatically imply it can be used for the purpose issued (i.e. other authorities' approval may be required).
Generally the President of India is the title paramount for such a leasehold property. Annual lease charges are required to be paid to the Land & Development Authority (lessor). Depending upon the covenants of the lease deed, prior permission of the lessor (i.e. Land & Development Authority is required to transfer the property).
Some important terms to consider:
Terms for Payment. The lessee and lessor have to agree upon the terms on the price and other expense for transfer of property. The time required for payment of last installment of property must be decided upon.
2. Stamp Duty. Stamp duty rates are fixed for properties by the authorities. The rate may vary from state to state. The buyer has to ensure that seller has registered the property in buyers name on the rate levied for the property transferring.
3. Registration. All the documents to be registered have to be accompanied by a prescribed registration fee as per the State, region where it has to be registered. Since rules and
Note: Please seek independent legal and financial advice when signing a sales deed and ensure all copies of documents including the sales deed is properly read and understood.
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