Tenant in Possession Entering Agreement to Sell Does Not Constitute ‘Deemed Conveyance’ Unless Tenancy is Surrendered: Supreme Court Click to Read Complete News https://lawtrend.in/tenant-in-possession-entering-agreement-to-sell-does-not-constitute-deemed-conveyance-unless-tenancy-is-surrendered-supreme-court/
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Tenant in Possession Entering Agreement to Sell Does Not Constitute ‘Deemed Conveyance’ Unless Tenancy is Surrendered: Supreme Court
Click to Read Complete News
https://lawtrend.in/tenant-in-possession-entering-agreement-to-sell-does-not-constitute-deemed-conveyance-unless-tenancy-is-surrendered-supreme-court/
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[16/01, 07:55] Sekarreporter: Law Trend – A Legal News Network
Tenant in Possession Entering Agreement to Sell Does Not Constitute ‘Deemed Conveyance’ Unless Tenancy is Surrendered: Supreme Court
Click to Read Complete News
https://lawtrend.in/tenant-in-possession-entering-agreement-to-sell-does-not-constitute-deemed-conveyance-unless-tenancy-is-surrendered-supreme-court/
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https://lawtrend.page.link/app
[16/01, 07:55] Meta AI: 🔥 Big news from the Supreme Court! 😮 If you’re a tenant and enter into an agreement to sell a property you’re already occupying, it doesn’t automatically mean you’ve got a ‘deemed conveyance’ or ‘sale’ for stamp duty purposes 👉 unless you’ve surrendered your tenancy or possession has been handed over as part of the deal 🤝.
This ruling came in the case of Vayyaeti Srinivasarao vs. Gaineedi Jagajyothi, where the tenant of over 50 years had an agreement to sell with the landlord, but the landlord later sought eviction under the Andhra Pradesh Buildings (Lease, Rent and Eviction) Control Act 🤔.
Key takeaway: possession as a tenant ≠ possession as a vendee 🚫. The SC emphasized that without express or implied surrender of tenancy, the agreement to sell doesn’t attract stamp duty as a conveyance deed 💸.
Curious about the details? Check out the full story 👉 (link unavailable) 📲 #LawTrend #SupremeCourt #PropertyLaw
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