Property (Sale/Purchase/Lease/Resgistration)

What is Property Sale, Purchase, Lease, and Registration?

The sale, purchase, lease, and registration of property involve legal transactions where ownership or usage rights of real estate (land or buildings) are transferred or granted. These processes play a crucial role in real estate dealings and require legal documentation to ensure the lawful transfer of property rights.

Property Sale: The sale of a property refers to transferring ownership from a seller to a buyer in exchange for a financial consideration. This process includes agreements, payments, and final registration.

Property Purchase: The purchase involves acquiring ownership of a property by paying the agreed-upon price. Buyers must follow legal procedures to ensure the property is free from disputes and claims.

Property Lease: Leasing refers to temporarily granting the right to use property to a tenant in exchange for regular payments (rent). Unlike a sale, ownership remains with the property owner.

Property Registration: Property registration is a mandatory legal process in which the sale, purchase, or lease agreement is documented with the government authorities. This ensures that the property rights are officially transferred or granted and recognized by law.

Validity of Property Sale, Purchase, Lease, and Registration

Sale/Purchase: The sale or purchase of a property becomes valid once the sale deed is signed by both parties and registered with the sub-registrar’s office. This deed remains valid indefinitely as long as the ownership is not transferred again.

Lease: The validity of a lease depends on the terms agreed upon by the property owner and the tenant, which is typically for a fixed period ranging from 11 months to several years. The lease agreement outlines the specific duration, and it must be registered if the lease term exceeds 11 months.

Registration: Property registration ensures legal ownership and provides proof of property transfer. The registration is a permanent record, valid throughout the ownership period, and remains in effect unless the property is sold, gifted, or transferred.

Documents Required