The tenant becomes a co-owner of the building rather than the land under the Pagdi system, which is the only thing that makes it distinct. As long as the renter does not sublet the property, the rent is still being paid to the owner.
In the Pagdi system, the tenant becomes a co-owner of the building rather than the land. As long as the renter does not sublet the space, they continue to pay the owner's rent.
Landlords typically take 'Pagdi', or a portion of the overall consideration, at the time of transfer, typically between 30% and 50% of the whole consideration.
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Pagdi Transfer/Rent payment process
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2022-12-20T10:19:22+00:00 2022-12-21T20:33:53+00:00Comment
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