Selling of 75% of owned flat
2 years ago
I am owner of 75% of flat and other 25% is owned by my niece. It is registered and all documents are ready. In view of current pandemic we have suffer huge losses on my business and hence we shut it down now we don't have any money so we decided to sell the flat , the problem is niece would not let me sell 100% of the house as he wants it and also is not ready to purchase 75% of the house. So I am asking can I sell my part of flat i.e. 75% and get riddance from them and also is sign required of my niece if I decide to sell my share of flat ?
Ankur Goel @ Complete Law Shield
Responded 2 years ago
But if its flat then there is only 1 access to it and therefor it is not possible to divide it.
If you are in desperate need of money then send a notice to niece to buy your share.
If still not work then try to take loan on your share which will put the property into litigation.
Your niece also dont want litigation on property.
Ayantika Mondal @ Prime Legal
Responded 2 years ago
A flat cannot be sold in pieces. You need to take your niece's consent to sell the flat. Try and settle the matter amicably and peacefully, otherwise it will put both of you in trouble.
This is tricky situation as flat cannot be sold into pieces. You need to talk to your niece and settle the matter amicably. You have to talk to your niece to get the consent.
First send notice to niece to purchase your portion, if rejected then get permission to sell, if it is not divisible.
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