What Does Leasehold Mean Here?
The authority or lessor grants rights under a lease for a defined term and purpose, subject to covenants. It is not the same as unrestricted freehold ownership.
What Should Be Checked Before Transfer?
Check eligibility, lock-in or transfer conditions, current dues, unearned increase or fees, required permission, execution/registration and possession status.
Can a Leasehold Plot Be Mortgaged?
Possible mortgage rights depend on the lease and authority permission/NOC process. Confirm the lender, permitted purpose and release obligations in writing.