Q. What is the meaning of Leasehold and Freehold properties?
Ans.
Leasehold properties: A property (plot/ built up) in which perpetual leasehold have been granted by the title paramount in favour of the lessee. The title paramount i.e. president of India in these kinds of properties acts through DDA, L & DO. Leasehold properties are not freely transferable. depending upon the covenants pf. the lease deed prior permission of the lessor (DDA/LDO) is required to transfer the property. One is required to pay charges such as 50 & of the unearned increase and conveyance.
A form of property interest in which the holder of the interest has the right to use or occupy, but not to sell or transfer the property. The holder of a Leasehold property has the right to build on and to occupy land for a specified lease term.
Freehold properties: Property in which ownership is for an indeterminate length of time. In free-hold property the title paramount has conveyed the property in favour of the purchaser by conveyance/ sale deed with no restriction on the right of the holder of the property to further transfer the property. Record of ownership of the freehold property can be ascertained from the office of the sub-registrar. It can be transferred by registration of sale deed. Freehold estates include freehold in deed, a fee simple estate; freehold in law, an inheritable estate; and determinable freeholds, a life estate.
Q. What are the benefits of getting a leasehold property converted to a freehold property?
Ans.
There are a number of advantages in holding a free-hold property in comparison to that of a leased property. Some such benefits are :
- The property holder becomes a full-fledged owner only by getting the sale deed of the property after getting it registered.
- The property gets more marketable
- The property can be sold, mortgaged or kept for standing security.
Q. How much space in minimum is required to set up a 200 seater international BPO center in NCR?
Ans: The minimum space require to establish a 200 seater International Call center is 15,000 Sq.ft to 17,000 Sq.ft.
