Maharashtra passes bill to govern lessees of land

MUMBAI: According to the Maharashtra Land Revenue Code 2016, passed by the legislative assembly on Thursday, people who have taken government properties on rent

MUMBAI: According to the Maharashtra Land Revenue Code 2016, passed by the legislative assembly on Thursday, people who have taken government properties on rent will not be able to transfer or assign the leasehold rights to a third party without taking permission from the state. They will also have to pay a share of unearned income to the government.

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If cleared by the council and notified by the governor, the bill will make it mandatory for the lessees to seek prior permission of the state government by paying a premium on account of unearned income and transfer fees or charges while further assigning lease holding rights to another party.