House property
3 months ago
Me and my wife(co owner ) having house property and register in both. But i am only paying EMI . Can I remove the wife name from the property .
A.Dear Client,
The ownership structure of a jointly owned property is legally binding, and removing a co-owner's name typically requires their consent. In this case, even if you are the one contributing to the EMI payments, altering the ownership structure would involve a legal process, often requiring the mutual agreement of both co-owners. If your wife agrees to the change, you may need to follow the legal procedures for property transfer, which could include drafting a deed of release or other relevant documents. It's advisable to consult with a legal professional to understand the specific legal implications and steps involved in your jurisdiction.
Thankyou
The ownership structure of a jointly owned property is legally binding, and removing a co-owner's name typically requires their consent. In this case, even if you are the one contributing to the EMI payments, altering the ownership structure would involve a legal process, often requiring the mutual agreement of both co-owners. If your wife agrees to the change, you may need to follow the legal procedures for property transfer, which could include drafting a deed of release or other relevant documents. It's advisable to consult with a legal professional to understand the specific legal implications and steps involved in your jurisdiction.
Thankyou
Helpful
Helpful
Share
A.Dear Client,
A relinquishment deed is a legal document that transfers the ownership of a property from one person to another. It is commonly used in cases where a co-owner or a legal heir wishes to transfer their share of the property to another co-owner or legal heir. A relinquishment deed may be assigned either for consideration or with no consideration. The act of giving up one’s rights and claims in a part of a property in favour of another is referred to as relinquishing rights. A right cannot be given up without compensation; this compensation may take the shape of cash, a trade in goods, or a family arrangement. The “Deed of Relinquishment,” which must be signed by all parties, witnessed by two witnesses, and registered, is another requirement for giving up ownership of immovable property in favour of a co-owner. If your wife agreed with your proposal, you can go ahead with the execution of a Deed of Relinquishment which needs to be well-drafted by an experienced professional to avoid any future consequences. Reach out to an experienced property lawyer for guidance and steps
A relinquishment deed is a legal document that transfers the ownership of a property from one person to another. It is commonly used in cases where a co-owner or a legal heir wishes to transfer their share of the property to another co-owner or legal heir. A relinquishment deed may be assigned either for consideration or with no consideration. The act of giving up one’s rights and claims in a part of a property in favour of another is referred to as relinquishing rights. A right cannot be given up without compensation; this compensation may take the shape of cash, a trade in goods, or a family arrangement. The “Deed of Relinquishment,” which must be signed by all parties, witnessed by two witnesses, and registered, is another requirement for giving up ownership of immovable property in favour of a co-owner. If your wife agreed with your proposal, you can go ahead with the execution of a Deed of Relinquishment which needs to be well-drafted by an experienced professional to avoid any future consequences. Reach out to an experienced property lawyer for guidance and steps
Helpful
Helpful
Share
Read Related Answers
Builder Refuses to Refund Our Money
Dear Client,
In the given scenario, if the housing project is a registered project of RERA, then for an unreasonable delay in delivery of possession flats to flat owners should be filed against the Bu...
Can Builder Cancel Affordable After taking full Amount
Dear Client,
In the absence of any specific term Builder Buyer Agreement(BBA) a Builder cannot cancell an allotment of a flat outrightly on receipt of full or part of the price or value of the flat fr...
Complaint on Apartment Maintenance issue
Dear Client,
Per sq, ft method is extensively used for the calculation of the maintenance charges for the societies/RWA across the country. This system of calculation is used when the sizes of apartm...
Question on Buying 10 years old flat with registration on hold
Dear Client ,
you can not rent / lease or sell your property until you have received complete possession of the property. you have to complete registration process for the same before getting into re...
REGISTRATION OF Apartment owners association under companies act
Dear sir,
It is ordinarily registered under specific act which might have been enacted by your state government otherwise consult the sub registrar office.
Read Blogs on Real Estate
Real Estate Lawyers
Find Lawyers by Location
