Legal need fir lease deed of plot in society

0 votes
42 views
asked Jun 30 in Property Law by Anant Joshi
Sir,I am a member of co operative housing society of n.a. plots in pune.

As per society,they don't need lease deed and surrender deed from a member.They just take housing federation approved membership and resignation forms for registering while change of ownership.
But the lenders organization for releasing loan for purchase of plot and house on it demand
1. Release deed of current owner and
2.lease deed of purchaser.
In current housing bye laws approved by Govt.of Maharashtra also has No mention need of suchlease deed and surrender deed.
Our society was formed in 80s,and have allotted plots on such forms as per then existing bye laws.
So.,my query is,
What is legal framework/law/act by which the lenders banks and organisations like HDFC,L&T etc.afe asking for such deed documents which involve lot of money.
Thamks

Please log in or register to answer this question.

Welcome to Lawhelpline - Online Free Legal Answers in India. Here, you can ask your legal questions and receive answers from Top Expert Lawyers, Advocates, and Attorneys.

Benefit To Lawyers - Lawyers (Advocates) can register account here to increase their clients. They can answer the questions asked by other users. Also, they can post those questions themselves and answer them that are asked frequently. This will make other users to know answers without asking on your behalf. You can put your details (phone, email, experience, expertise) on your profile.

Register Here

Watch Video For Asking Question Here

Google+
...