vriksha
Active Member
A couple of NRI friends have indicated their interest in leasing land in M.P. for agricultural purposes. What I want to know is this:
i) Can NRIs take land on lease?
ii) What does the law say about leasing private revenue land-- I mean for how long can the lease run?
iii)How to ensure that the terms of the lease are adhered to--I mean what if the fellow whose land has been taken on lease decides to sell off his land in the middle and leave the parties who have invested, in the lurch?
iv) What if the owner of the land dies unexpectedly in the middle and his sons/sons-in-law create a ruckus and want the land back before the term of the lease has expired-- what does the law say about this?
v) What if the persons who have leased the land die in the middle, what happens to the lease then? Does the land automatically revert back to the owners or is there a legal procedure to be undergone before this can happen?
A lot of legal issue here to be sorted out. Just wanted to make sure that the NRIS are fully aware of what they are going in for before they sign the dotted line. Thanks in advance for all your help.
i) Can NRIs take land on lease?
ii) What does the law say about leasing private revenue land-- I mean for how long can the lease run?
iii)How to ensure that the terms of the lease are adhered to--I mean what if the fellow whose land has been taken on lease decides to sell off his land in the middle and leave the parties who have invested, in the lurch?
iv) What if the owner of the land dies unexpectedly in the middle and his sons/sons-in-law create a ruckus and want the land back before the term of the lease has expired-- what does the law say about this?
v) What if the persons who have leased the land die in the middle, what happens to the lease then? Does the land automatically revert back to the owners or is there a legal procedure to be undergone before this can happen?
A lot of legal issue here to be sorted out. Just wanted to make sure that the NRIS are fully aware of what they are going in for before they sign the dotted line. Thanks in advance for all your help.