We are a group of 49 co investors. We want to buy a 1 flat together ? How is this possible? The flat is for sale and is in earning a rental income as well, hence is a good investment. How can we complete the purchase of the flat having all of us as owners, so that we can enjoy the asset and its rental proceeds. do we have to form any entity between us such as a LLP or a company ? we want to limit the documentation etc.

1 Answers Given By Lawyers

Nischal Arvind Singh Answer

You can form a LLP and show your LLP business in real estate etc or simply you can form registered partnership agreement , where you can define all the terms and conditions , its advisable to form a entity because then purchase or buying new property can done by legal entity of your company and based on capital you can distribute profits among yourself