my parents had bought one property with joint ownership in 2005. in 2007 my father passed away without any will. the society has transferred the share certificate in the name of my mother earlier it was in the name of both. in dec 2021 the society has signed agreement for redevelopment with one builder the agreement was executed by my mother alone in June 2021 my mother had gifted her share of property that is 60% to me.
my question is should I submit the gift deed to the society. if after submitting the gift deed will the redevelopment benefits of rent hardship compensation corpus fund be shared among the brothers we are 4 brothers
Your mother is not the sole owner of the property. She is having 50% of her share and the remaining share you, your mother and your brothers have equal rights over the remaining share. So all the legal heirs shall execute a gift deed in your favour for 50% share and her share, she can gift you it.
