Legal Question in Real Estate Law in India
i am lending a huge amt of money to my grandfather against his residential leasehold property,but i also know this property cant be taken as collateral security.so what legal stand do i possess or what legal formality i should fulfill to make sure that my money is safe?
Asked on 3/10/10, 11:21 am
1 Answer from Attorneys
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
yes, a lease hold property cannot be taken as a collateral security but it is advisable that you meet a lawyer with papers he would make sure that the money that you lending, does get security as well. unless the papers of the property are perused, no cogent opinion can be given.
Answered on 3/11/10, 12:19 am
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