GIFT DEED CLARIFICATION
2 years ago
I retired person gifted my 50% of immovable proerty ( building )
to my son before his marriage by executing GIFT DEED to avail
loan for the improvement of property.
Now my son wanted to give back 50% of his share to me by executing
gift deed
my question is 1. Is there any right to my son wife ( daughter in law)
to take permission from her.
2. still construction loan is there on property. before clearing loan wheather
my son can executive gift deed
Ankur Goel @ Complete Law Shield
Responded 2 years ago
You want to do it for divorce purpose ?
2. Yes, Bank NOC or Loan closure is required.
Currently bank owns it. Until son becomes owner he can not gift.
The gift deed can be executed in your favour by your son. No permission of the wife required. The gift deed can only be executed if the loan is cleared.
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Ayantika Mondal @ Prime Legal
Responded 2 years ago
Your son execute the gift deed in your favour. No need to take the permission of the wife. You have clear the construction loan before executing the gift deed.
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Vaidehi Samant
Responded 2 years ago
Pardeep Kumar Dhiman Dhiman
Responded 2 years ago
जब तक ऋण अदा नही किया जाता हैं तब तक वह उस सम्पत्ति को उपहार नही कर सकता जब तक वह बन्धक हीन ना हो जाए।
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