Baying minor property


Hello, i am baying one minor flat, now advocate ask the seller to make a FD of the 33% of the property value. but seller refused to do the same. now the seller ask me to pay the FD amount. pls help me in this regards.

 
Reply   
 
High Court Advocate and IPR Attorney

PURCAHSING OF PROPERTY FROM MINOR IS VERY RISKY.

CASELAW: MOHORI BIBI VS.DHRAMADAS GHOSH..

 
Reply   
 


Advocate & Solicitor

You need the permission of the Court when the sale of the property is of the minor.

As rightly pointed above the said judgment is the landmark judgment with regards to the transaction with the minor.

Important Point to be considered that the Sale should be in the Interest of the minor

.It is Risky because the minor has the option to ratify the same when he attends the age of majority.

Regards,

 

 
Reply   
 

Thank you for your reply. 

My advocate ask me to get the Fixed Deposit done from  the parents in favour of mionr of 33.3 % of selling value.  then i can process the same for the Registration.

I want to now that the Fixed deposit can be withdrawn after the registration process complition?? 

 

 

 
Reply   
 

LEAVE A REPLY


    

Your are not logged in . Please login to post replies

Click here to Login / Register  



 

Search Forum:








×

  LAWyersclubindia Menu