If landlord has absonded his property would be attached as per court orders

If at all you want to take premises on rent do it by registered leave and licence agreement

Proceed to take this property on rent in terms of a rental agreement. Just don't pay advance rent for more than 2 months.

At anytime the Govt. attempts to attach this property in relation to the conviction of the landlord for his involvement in Srijan scam, you'll have Legal recourse available to tackle the situation.

Don’t purchase the property as landlord is an absconder and chances of property being attached are high

Here what you have to see is whether the shop is mortgaged with any bank or financial institutions. For this ask the landlord /owner to show you original title documents of the shop. See original documents be seen before or after the bank hours. In case he is ready to show the documents, take a copy of whole chain of documents and get it verified from the record of concerned sub registrar, concerned patwari n land acquisition authority through local advocate.

In General, if the person or the property is likely to be in the arena of litigation then avoid transacting as you will be one of the parties to the litigation. Don't transact unless the dispute is settled.

Before you buy this property, get it's title verified through a local Lawyer.

Depute a local Lawyer to conduct a Legal due diligence of this property.

If the shop is the purchased from the proceeds of ill-gotten money of scam or any illegal funds of that landlord the court can seal the same. It is risky to take the same on rent. No agreement can save you from Criminal prosecution.

The shop proposed to be taken on rent should be done by a registered rental agreement with the purpose of rent clearly mentioned in it and the shop should be on your name with clear definition of the business and its partners.

Nowhere the landlord should be involved in your business, this way you can avoid police inquiry against you if there is blanket raid against the landlord and his premises and other properties.

There is no legal impediment for purchasing a property from its owner who is having a clear and marketable title to sell the property.

You may take a legal opinion before buying the property.

1) please against whom they have given loan to purchase that shop, whether its free hold property or not?

2) check all agreements against shop, what owner had did, and taken any loan.

3) you can purchase shop after doing all legal investigations.

1. Depending on the outcome of the financial violations, the authorities may petition to confiscate /seal all the properties of the offender (landlord), irrespective of who is the occupant of the property.

Keep Smiling .... Hemant Agarwal

If the land Lord found caused of the fraud the investigating agencies may have included the list of properties acquired from the money of the fraudulent loan.

As he is absconded it is risky to take the property on rent or purchase coz the risk of attachment will be there till the decision on the case.

If you take the same on rent and the police at a later stage desires to seal it for any reason with regards to the investigation then the police can seal the same.

Regards

Get the title search done of the land. If the title is clear and marketable and there is a proper non encumbrance certificate then you go ahead and purchase it by means of a registered sale deed.

Though I wiuld not advise you to purchase this property

Regards