LCI Learning
Master NDPS 2.0: Latest Legal Developments, Best Practices & Landmark Case Studies

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sigatapu naga seshu kiran kuma   06 August 2014 at 12:44

Alienation of minors property by gurdian

IAM HERE WITH FORWARDING MY DETAILED NOTE ON TRANSFER OF PROPERTY BY GUARDIAN ON BEHAL OF MINOR

Ankur Senjalia   06 August 2014 at 12:29

Regarding signing of undertaking while accepting possession letter

Dear Sir,

Request you to Guide me whether my Builder can force me to Sign Undertaking before handover possession Letter to me??
Even after Builder has not fulfill not required Specification mention in Broucher.

Pls help me out to get Possession Letter in this case.

Regards,
Ankur
9960178900

Ketan Shah   06 August 2014 at 09:41

Jointly owned property

Dear Sir/s,

I and my real brother jointly owned an industrial unit in equal proportion at Thane. He has carrying the his own business at the said unit by utilising the entire area of unit. I am paying half of the society maintenance and my name has also been there in the share certificate.
I am not not receiving any share of profit or any amount towards rent for the portion of my area which has been used by him. Now I wants to sell out the my portion of unit or to give it on rental basis. I have made a first offered to him for this. But he refused to do so and has written a letter to me stating that he is ready for the physical partition of the unit in equal proportion. He has cleverly made this offer because he knows very well that partition is practically not possible due to several issues i.e. society objection, electricity ,water supply and toilet problem in another unit etc. He wants to use my area at free of cost for his own business.

Please tell me the alternative available to me to resolve this long lasting problem.

Thanks in advance.

Nilesh   06 August 2014 at 00:15

Buying agricultural land in maharashtra

Sir,

I am an NRI and interested in buying agricultural land in Maharashtra. However as per rules a non farmer cannot buy a agricultural land. I don't have any agricultural lands in father's or mother's name. My wife fathers has some agricultural land and his name is present on 7/12 extract along with his brothers name.
My wife's name is not on 7/12 extract.

My queries are as belows.

1. Can I buy agricultural land legally on my wife's name?

2. If so , Can she gift the agricultural land to me once i return to India?

3. If so , Can I buy second agricultural land if my wife's name has appeared on 7/12 extract of first purchase?

4. Any other legal ways of doing it?

5. My sister is married and she has farm land her name on 7/12 extract, will it be any use for me to buy agricultural land? Her name is added post marriage.


Looking for a detailed point wise clarifications and solution


Roshan   05 August 2014 at 20:46

Huf property purchase

Dear Experts,

I have come across a property which is under construction and the first owner of the property is a Karta having an HUF account. The property is purchased solely on his name as Karta of the HUF.

I require an advice on the below aspects:

1. Can we purchase such a property from the Karta of HUF without registration?

2. Can we proceed on doing registration in our name before the HUF gets a possession?

3. The builder has imposed some additional charges in terms of development if the property is being sold to a second owner, if still under construction. Hence, can we book the property and refrain from doing registration till the first owner gets possession and then wait for our registration later?

4. As per point 3 above, what do I have to be pracautious about? If the Karta is not alive untill possession, can someone part of HUF challenge this?

5. Can we ask Karta to create a irrevocable Power of Attorney against the purchaser name by paying the booking amount. The remaining amount being paid post registration (as we will have to avail loan) with clause to pay specific amounts in intervals or pay interest (say 10%) on the remaining amount per annum?

6. Is it possible to take a home loan if we have a Power of Attorney?

Please clarify the above questions at the earliest.

Regards,
Roshan

uday   05 August 2014 at 12:52

About a resale property

agent has shown a resale property in new Mumbai, it,s a terrace flat, with cc only
he is saying that building is newly constructed (Before 1 yr )hence I will get oc afterwards. and loan is possible only from GIC kindly give me details about oc and cc give suggestion for buying this property.

harish   05 August 2014 at 04:47

Help regarding transfer of share in apartment

aaaaaaaaannnnnnhhhhhhhhhhhhhhhhhhh

prashant kunder   04 August 2014 at 15:15

Defaulters - housing society

Dear Sir,

One of our members has not paid society maintenance dues since 2005 and has recently started paying dues partly. Please guide how the adjustment should be done. Whether the interest component has to be adjusted first or the principal amount.

Regards,

Prashant
Mumbai - Maharashtra

Vishav   04 August 2014 at 13:06

Transfer of property to legal heirs

Hello. I have a query regarding allotment of a plot by the state development authority. In the lots by the State Development Authority, a plot came up in my father's name but due to some technical issues, it took some time to be formally allotted. In the meantime, my father expired and the process was still not complete. Now the plot needs to be allotted in the name of his legal heirs, that is my mother, my sister and myself. Will Legal Heir certificate suffice for the same? Or will a succession certificate be mandatory?

jagjit singh chander   04 August 2014 at 12:37

Undivided joint ownership : common or joint tenants

My grandfather owned one house. Through his WILL he gave it to my father. Now
My grandfather and my father both are not alive. My father did not write
any WILL and the property is now jointly owned by his legal heirs which is
myself, my mother and my elder brother. I feel this is a case of
joint ownership of undivided property . My query is :this joint
ownership is Tenants in common type or Joint tenancy with
right of survivorship type ? Can my mother write her WILL
and give her one third share in the property to any of her two sons ?
( after her death )
Another point is
If she is afraid of the complication to get the WILL probated,
Now when she is alive can she add one of her son in the ownership of her one third share in the said property,so
that her share automatically goes to that son after her death without the WILL
getting probated? If yes does she still need to write the WILL