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THE PREMIUM IS PAID. THE ENCUMBRANCE STAYS. WHY CLEARANCE IS NOT CLOSURE.

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THE PREMIUM IS PAID. THE ENCUMBRANCE STAYS. WHY CLEARANCE IS NOT CLOSURE.

3 min read · Quick Read · HPT INVESTIGATION DESK | THANE

What this means for you: Paying the ULC premium clears the money owed but doesn't automatically erase the underlying condition entry -- societies should confirm the condition itself is formally cleared, not just the payment made, before deemed conveyance, redevelopment or sale.

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Related Topics
Deemed Conveyance Development Agreement Maharashtra Section 20 ULC Act
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