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FAQs

Q1. What is Lease?

Q2. What is Transfer?

Q3. What is Open Transfer?

Q.4 What is Sale Deed?

Q.5 What is General Power of Attorney?

Q6. What is PVT limited?

Q7. What is Limited Company?

Q8. What is Enterprises?

Q9. What is Estate?

Q10. What is Real Estate?

Q11. What is Group of Companies?

Q12. What is Group?

Q13. What is Housing Services?

Q14. What is KDA?

Q15. What is MDA?

Q16. What is DC Office?

Q17. What is 99 Year Lease?

Q18. What is Plot Categories?

Q19. What is Town?

Q20. What is Mortgage Loan? Bank Loan for Property?

Q21. Why banks are giving loan for the lease property?

Q22. What is Balloting?

Q23. What is CTC File?

Q24. What is Stamping?

Q25. What is 0 form, 1 form and 7 form in Taiser Town?

Q26. What is the Difference between Square Yard & Square Feet?

What is Lease?

A lease is a contract between an owner and a user of property. In business lease agreements, the owner (lessor) receives financial compensation and in exchange, the tenant (lessee) is given the right to operate his or her business on the property. There are many different types of property lease arrangements and many different considerations that business owners should weigh before entering into such a contract.

TYPES OF PROPERTY LEASES

  • Full-Service Lease
  • Gross Lease
  • Net Lease
  • Percentage Lease
What is Transfer?

Transfer of Property means an act by which a living person can conveys property, in present or in future, to one or more other living persons, or to himself, or to himself and one or more or other living persons, and to transfer property is to perform such act.

The Transfer of Property as defined under section 5, in an act between two living persons. Thus the conveyance of the property must be from one living person to another living person. However transferee need not to be competent person like transferor. A transferee maybe a minor, insane or child’s in mother’s womb.

KIND OF TRANSFERS

  • Sale
  • Mortgage
  • Lease
  • Exchange
  • Gift
  • What is Open Transfer?

Open file means it’s not on your name (the file who have he is owner) if it’s transferred then check your picture will be on transfer letter. Open file can sell anybody but transferred file can’t sell without owner of transfer letter.

  • What is Sale Deed?

Sale Deed is a legal document describing the transfer of right, title and ownership of Property by a Seller to a Purchaser at a price either fully paid or to be paid in installments at a future date. … The entire amount of sale transaction also known as sale consideration is paid at the time of registration of Sale Deed.

  • What is General Power of Attorney?

You can give the General Power of Attorney (POA) with respect to all your property matters such as selling, buying, renting, collecting rent, payment of taxes, repair, conducting cases, etc. A General power means all-inclusive powers and you shall be answerable for any acts of the Attorney under these powers. Power of attorney of property usually includes all assets held by the principal, such as real estate, bank accounts, and stocks. The terms of the contract, including what can and cannot be managed, are determined at the time the contract is established.

  • What is PVT limited?

private limited company, or LTD, is a type of privately held small business entity. This type of business entity limits owner liability to their shares, limits the number of shareholders to 50, and restricts shareholders from publicly trading shares.

  • What is Limited Company?

A limited company (LC) is a general form of incorporation that limits the amount of liability undertaken by the company’s shareholders. It refers to a legal structure that ensures that the liability of company members or subscribers is limited to their stake in the company by way of investments or commitments. In a legal sense, a limited company is a person.

  • What is Enterprises?

Enterprise is another word for a for-profit business or company, but it is most often associated with entrepreneurial ventures. People who have entrepreneurial success are often referred to as “enterprising.”

  • What is Estate?

An estate is everything comprising the net worth of an individual, including all land and real estate, possessions, financial securities, cash, and other assets that the individual owns or has a controlling interest in.

  • What is Real Estate?

Real estate is a tangible asset and a type of real property. Real property examples include land, buildings and other improvements, plus the rights of use and enjoyment of that land and all its improvements. Renters and leaseholders may have rights to inhabit land or buildings that are considered a part of their estate, but these rights themselves are not, strictly speaking, considered real estate.

  • What is Group of Companies?

A group of companies is an economic entity formed of a set of companies which are either companies controlled by a same company.

A group of companies is an economic entity formed of a set of companies which are either companies controlled by the same company, or the controlling company itself. Controlling a company means having the power to appoint the majority of its directors.

  • What is Group?

Groups are a fundamental part of social life. As we will see they can be very small – just two people – or very large. They can be highly rewarding to their members and to society as a whole, but there are also significant problems and dangers with them. All this makes them an essential focus for research, exploration and action. In this piece I want to examine some of the key definitions of groups that have appeared, review central ways of categorizing groups, explore important dimensions of groups, and look briefly at the group in time.

  • What is Housing Services?

Housing, or more generally living spaces, refers to the construction and assigned usage of houses or buildings collectively, for the purpose of sheltering people — the planning or provision delivered by an authority, with related meanings.[1] The social issue is of ensuring that members of society have a home in which to live, whether this is a house, or some other kind of dwellinglodging, or shelter.[2] Many governments have one or more housing authorities, sometimes also called a housing ministry, or housing department.

  • What is KDA?

Karachi Development Authority (KDA) was established to develop Karachi under master plans. KDA was established in 1957. KDA owns undeveloped land in the city which it sell to real estate development companies in Karachi.

Karachi Development Authority replaced Karachi Improvement Trust (KIT) that was disbanded by President Muhammad Ayub Khan[1] in 1957.

The Karachi Development Authority was established by the order No V of 1957 signed by President of Pakistan General Muhammad Ayub Khan (Hilal-e-Ahmar) for development of the Karachi City and rehabilitation of the Refugees as well as Riot Affectees.

  • What is MDA?

Malir Development Authority was established in 1993 by the Government of Sindh in order to develop the area being neglected in the past. Malir Development Authority is working on three Schemes especially focus to cater ever increasing housing needs as well as socio economic conditions of the masses in a professional manner.
MDA is specially focusing its energies towards the low cost housing and design its schemes to give better residential facilities on affordable rates. At present around 125,000 planned residential plots are in different stages of development.

  • What is DC Office?

The deputy commissioner or district magistrate is the executive head of a district, an administrative sub-unit of a state. The district magistrates are entrusted with overall responsibility for law and order, implementation of government schemes and is also authorised to hear revenue cases pertaining to the district. District magistrate is also authorised to collect Land Revenue and is therefore also referred collector (revenue) and also to control encroachment of government land in the district. In India officers of Indian Administrative Service cadre are appointed this office and in Pakistan usually the Pakistan Administrative Service, formally known as District Management Group, cadre of the Central Superior Services or officers of Provincial Management Services erstwhile Provincial Civil Services are appointed to this office.

  • What is 99 Year Lease?

A 99-year lease was, under historic common law, the longest possible term of a lease of real property. It is no longer the law in most common law jurisdictions today, yet 99-year leases continue to be common as a matter of business practice and conventional wisdom.

  • What is Plot Categories?

L = 80 Yards

R = 120 Yards

A = 200 / 240 Yards

B = 400 Yards

C = 600 Yards

D = 1000 Yards

E = 2000 Yards

  • What is Town?

A town is a human settlement. Towns are generally larger than villages but smaller than cities, though the criteria to distinguish them vary considerably between different parts of the world.

  • What is Mortgage Loan? Bank Loan for Property?

A mortgage loan or simply mortgage is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is “secured” on the borrower’s property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property (“foreclosure” or “repossession“) to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. Mortgage borrowers can be individuals mortgaging their home or they can be businesses mortgaging commercial property (for example, their own business premises, residential property let to tenants, or an investment portfolio). In many jurisdictions, it is normal for home purchases to be funded by a mortgage loan. Few individuals have enough savings or liquid funds to enable them to purchase property outright. In countries where the demand for home ownership is highest, strong domestic markets for mortgages have developed. Mortgages can either be funded through the banking sector (that is, through short-term deposits) or through the capital markets through a process called “securitization”, which converts pools of mortgages into fungible bonds that can be sold to investors in small denominations.

  • Why banks are giving loan for the lease property?

Usually leased properties is not accepted as mortgage by banks as the lessee does not have right of sale although he owns property for a specified number of years. However if the lessor permits for mortgage as in the case of leased government land or houses by housing board or urban development bodies it can be accepted for mortgage.

It depends on value of original lease as estimated by the bank .In the case of sub lease it may be less .They may ask for additional security. The lease should be having market for reselling .The Term Loan may be repayable in sub lease period or original lease deed period whichever is less .Banks are generally reluctant to give loans on sub lease because it is difficult to enforce .

  • What is Balloting?

Essentially, a balloting and allotment system applies in property sales where demand exceeds supply. We see this in many countries across the world where there is a shortage of housing and the process is particularly evident when it comes to new build properties. When more than one party is keen to buy, there is an expression of interest (EOI) in the first instance.

In turn, each party will have to complete official ballot papers which are a confirmed commitment to buy should that ballot be successful. Now we come to the allotment stage where those properties are distributed. In the majority of cases, allotment is carried out as a completely random process. Lots are drawn from a box and the winning buyer can then carry out the purchase of the property in question.

It really is a lottery and there’s no doubt that the process leads to a number of unhappy buyers

  • What is CTC File?

Any Paper is missing or duplicate in your Property file is known as CTC File:

  • F.I.R Police Station.
  • Indemnity Bond only attested by 1st Class Magistrate for Rs. 30/-
  • Press Notice of Newspaper having vast circulation.
  • Photocopy of N.I.C duly attested.
  • Affidavit duly attested by 1st Class Magistrate.
  • Pay Order of Rs. 1,000/- as process fee.
  • Attested Photograph of Allottee
  • The Allottee record statement in the presence of concerned Deputy Director
  • What is Stamping?

Stamp duty is the tax placed on legal documents, usually in the transfer of assets or property. Stamp duties, where enforced, were placed on the transfer of homes, buildings, copyrights, land, patents, and securities, as well as military commissions and marriage licenses. The stamp duty is also referred to as a stamp tax.

  • What is 0 form, 1 form and 7 form in Taiser Town?

0 form is use for Allotment Purpose

1 form is use for Transfer Purpose

4 form is use for Heirship Purpose

7 form is use for CTC Purpose

  • What is the Difference between Square Yard & Square Feet?

Yards are used in the metric system, and feet are part of the American standard system.

3 feet is equivalent to 1 yard.

To find determine the square value of any number you will multiply the number (x) by its same value once:

9 sq feet = 1 sq yard

Because we know the standard systems’ 3 feet = 1 yard if converted to the metric system. Convert 1 sq yard to 3 sq feet so the same measuring system is being used to compare.

1 sq yard = 3 sq feet

A box 3ft long and 3ft wide is also 1 yard by 1 yard which makes the box both 9 sq. feet and 1 sq yard.

A box 3ft wide and 3ft long is 3ft

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