General property question
3 years ago
I'm purchasing a new property, and whose agreement will be under the name of me, my father, and my mother (i.e. a joint agreement) and I will be the first person on the agreement.
I will bear the cost of the complete loan amount (i.e. EMI), So will it be like after my parent's death there share in the agreement will grant to my brother?
Vaidehi Samant
Responded 3 years ago
A.In the case of death of any of the co-owners of the flat his share goes to remaining co-owner except in the case where a deceased co-owner has during his life executed a will or a gift deed and declared that upon his death his share will go to a particular person. Hence only in case your father makes a will or gift deed and transfers his share to your brother only I. Such case his share will go to your brother.
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A.Hi,
Your brother can make a claim for their share of the property as he is also their legal heir. If you wish to keep the property for yourself, you can get in writing that your parents are relinquishing their shares to you after their death.
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Your brother can make a claim for their share of the property as he is also their legal heir. If you wish to keep the property for yourself, you can get in writing that your parents are relinquishing their shares to you after their death.
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Ayantika Mondal @ Prime Legal
Responded 3 years ago
A.Hi,
They can dispose of their shares to whoever they want.
If you wish to keep the property for yourself, you can insert a clause stating that in the agreement.
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They can dispose of their shares to whoever they want.
If you wish to keep the property for yourself, you can insert a clause stating that in the agreement.
If you found this helpful, please rate us.
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A.Dear Sir,
If the sale deed is in your individual name then nobody can claim such property.
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If the sale deed is in your individual name then nobody can claim such property.
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