🔁 Transferring Title to a Business or Partnership
Markaz
Last Update il y a 3 jours
In commercial real estate, properties are often held under business entities. Here’s how to handle the transfer process:
1. If Property is in Individual Name:
Transfer proceeds through a standard sale deed and mutation process.
2. If Property is Owned by a Company:
Board resolution authorizing sale is required
Company’s incorporation certificate and NTN must be submitted
Director/authorized person signs documents
3. If Transferring Within a Partnership:
Update the partnership deed and Form-C from the registrar
Clearly state asset re-allocation or buy-out terms
Pay applicable stamp duty for internal title transfers
Important: Make sure the transferee is properly documented in land and taxation records to avoid future ownership challenges.