Requirement of lease agreement when Developer/Co-Developer and unit are same – DOC Clarifies

By Vijay Kumar

Department of Commerce has clarified that in cases where Developer or Co-Developer setup a unit, there is no need for a separate lease agreement between the developer/Co- Developer and unit. An allotment letter from the Developer or Co-Developer to the unit would be sufficient.

DOC INSTRUCTION NO 31: Dated August 17, 2009