Sharing of one house by two brothers
D.SENTHILNATHAN
(Querist) 22 May 2015
This query is : Resolved
MYSELF AND MY YOUNGER BROTHER SHARING OUR MOTHER'S PROPERTY WHICH HAS BEEN REGISTERED WITH SETTLEMENT DEED. GROUND FLOOR IS MINE AND FIRST FLOOR IS MY BROTHER'S. NOW WE ARE NOT IN GOOD TERMS AFTER OUR MOTHER'S DEATH LAST YEAR. SO CAN I SELL MY SHARE OF PROPERTY (GROUND FLOOR) TO A THIRD PERSON? OR CAN GET LOAN BY HYPOTHECATING MY SHARE?
PLEASE ADVICE ME.
malipeddi jaggarao
(Expert) 23 May 2015
If the settlement by way of registered document, you can deal with the property as you like.
T. Kalaiselvan, Advocate
(Expert) 26 May 2015
If you have a marketable title to the share of your property, you can very well transact with it independently.