Property Property

5 years ago

Sir i want to know that if my father transfer his property to me then liabilities realted to this property will be remains or not with this property.

Shanti Ranjan Behera

Responded 5 years ago

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A.Dear Client,
Transfer of property means you are also sharing the responsibility as well as liabilities.

Shanti Ranjan Behera
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Kishan Dutt Kalaskar

Responded 5 years ago

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A.Dear Sir,
Always liabilities follows with the transfer of property. However you get a sale deed from your father saying that consideration was given to your father then you become absolute owner of the property.

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