taking private revenue land on lease

#1 Jan 27th, 2011, 21:17
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A couple of NRI friends have indicated their interest in leasing land in Madhya Pradesh 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. Tulsi
drinking tea alone-- everyday the butterfly stops by. Issa, Zen Master
#2 Jan 27th, 2011, 21:38
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Even pointers are, I think, beyond the scope of this site, let alone answers. You need a specialist advocate!

For starters, how are you, and they, defining "NRI"?

Second, you are going to need to become familiar with some of FEMA. Here is where to start
#3 Jan 27th, 2011, 22:06
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Arrow Thanks!

Thanks Nick. Just went through FEMA regulations. If NRIs want to buy agricultural land they have to seek RBI permission, but it is not clear whether they have to seek permission if they just want to "lease" the land.You are right, the advice of a good lawyer will have to be sought to answer these questions satisfactorily.

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