റിസോർട്ട് ലീസിന് എടുക്കുമ്പോൾ ശ്രദ്ധിക്കേണ്ട കാര്യങ്ങൾ-2-Key Property Checks Before Leasing a Resort

Hello friends, I am Suresh Mathew, a corporate lawyer. In the previous video, we discussed some key points to consider when leasing a resort. I provided a brief overview of each aspect, not an in-depth explanation. To fully understand these matters and execute a lease agreement, consult a qualified advocate—preferably a practicing corporate lawyer. This is the best approach, as I have emphasized before.Key Property Verifications Before Finalizing a Lease

Before leasing a resort, ensure property verification by checking ownership, legal liabilities, and necessary certifications to avoid future disputes.
Highlights

🏡 Verify ownership of the property.
📜 Obtain the incubation certificate for the resort.
⚖️ Ensure no ongoing legal disputes or liabilities exist.
🏢 Check zoning regulations and property classifications.
🚧 Clarify boundaries and usage rights.
🛠️ Confirm that utility bills are up to date.
👨‍⚖️ Consult a corporate lawyer for detailed lease agreements.

Key Insights

📝 Ownership Verification: Confirm the ownership of the property to ensure that the lease agreement is valid and enforceable. This prevents disputes over rightful ownership in the future.
⚖️ Legal Liabilities: Understand potential legal issues, such as ongoing lawsuits or encumbrances on the property. This knowledge is crucial to safeguard your investment.
🏢 Zoning Laws: Familiarize yourself with the zoning regulations applicable to the property. Different zones have different rules that can affect the operation of a resort.
🌍 Boundary Clarity: Clearly define the boundaries of the leased property to avoid conflicts with adjacent properties and ensure that all rights are understood.
🔌 Utility Checks: Verify that all utilities are connected and bills are current to avoid interruptions in service, which can affect resort operations.
📑 Consulting Experts: Engage a corporate lawyer specializing in property to navigate complex lease agreements and ensure compliance with legal standards.
🛡️ Future-proofing: Taking these steps helps protect against unforeseen issues, ensuring a smooth operational process and safeguarding your financial investment.