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A leasehold property as the name suggests is a property (residential or commercial) which is leased out for a certain period of time. The time period for a lease on agreement is usually between 30 years and 99 years. Usually, a 30 year lease is renewed upon expiry after paying the lease amount.
States such as Haryana, Punjab, Gujarat, Maharashtra and Assam do not ban leasing, but the leaseholder has the right to purchase the cultivated land after a certain point. Only West Bengal, Rajasthan, Andhra Pradesh and Tamil Nadu have liberal land leasing laws.
The following are the important documents needed for a rental agreement registration in India: Original proof of ownership or title of the property. ... Property documents such as Index II or tax receipt of the property to be leased. Two photographs of each of the parties and one of each of the witnesses.
Can a private company lease agricultural land in India? No, a company cannot lease agricultural land in India. Under the Ceiling on Land Holdings Act, non-agriculturists cannot own agricultural land, and under the Land Leasing Act, they cannot lease agricultural land, both Acts being at the State level.
Documents Needed: How to Lease Government Land in India Demand draft towards processing fees. Block plan of plot's proposed utilization. Board resolution. Copy of registered partnership deed (for partnership firm) or registered MoA (for Private limited company) Detailed project report. Duly filled white application form.