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Anonymous   02 July 2018 at 22:16

13 year title search

Hi

I want to know why 13 year title search is mandatory to mortgage a property with a bank/hfc

By which law 13 year is decided

Anonymous   02 July 2018 at 20:16

Buying property with friend

I am planning to buy a flat in Mumbai in syndicate with my friend. It is 68% funds invested by me and 32% by my friend.

Now I would like to know what precautions to be taken now for future. My friend is unmarried thus fine with my son as nominee post both of us.

We want if I die , friend should stay till alive and vice versa and later the property should go to my Son.

Request your advice so as to move ahead accordingly. It is builder flat and can we get loan on the same based on our form 16 .

Arun Kumar   02 July 2018 at 12:27

Lis pendence

A person has purchased property when a partition suit was pending in court. But the purchaser did not have the knowledge of the pending suit and the seller also claims that he had not got even summons from court at the time of regitration of property.
Now the purchaser has pleaded himself to be a necessary party in the case. Does lis pendence apply in this case. Are there any case studies, citations to protect the interest of the purchaser ?

Anonymous   01 July 2018 at 23:03

Termination of leave & license agreement

We are running our business since the last 10 years from a premises which we have taken on a leave & license agreement. The initial agreement had a lockin period of three years. the agreement was recently renewed in 2017 and is registered and valid till 2021, however it does not have any lockin period. The termination clause states that " any party can terminate at three months notice". The land lord wants to terminate the agreement because he is getting a higher rent. We have invested a lot of capital in renovation, licenses, Since its a marriage hall, we have taken bookings for 18 months from now also. What is the legal way out.

Jai   01 July 2018 at 16:40

Agri property under 79 a/b of karnataka

Hi
I recently purchased an agriculture land in Karnataka in my wife's name. My mother comes from an agriculture family, my grandfather had lands registered in his name. I have the current RTCs and the RTCs from prior to 1973 still in my grandfather name. I got a family tree done from my grandfather, my parents and my family.
I assumed that my mother coming from a agri family and possesing RTC, i and my wife are eligible to buy lands in karnataka. Now they have put it under 79AB in the AC court. our combined income for the last couple of years is below 25L, while it was more about 3 years ago.
Please advise me on this issue.

Anonymous   01 July 2018 at 11:50

Title of property after being gifted to us in 1984

I jointly own a commercial shop at Nagpur with my brother. The property on official records is owned by a Society but the ownership of the shop is with us and Society has issued us share certificate for it.

The property original owner was my father, he expired in 1970 and transferred the property to my mother via will who then gifted the property to us via a (unregistered) gift deed in 1984 since there was no registration required at that time for gift deeds. The Society transferred the property in our name and issued us share certificate.

My mother expired in 2009.

All the transactions were done on Society records and there is no registered agreement for any of the above since it was not required in 1984.

Our parents have 2 daughters and 3 sons and they have their own children. Now one of the son's daughters is raising issue and asking for her share of the property after so many years. I fear she might file a court case and get the property sealed under a court receiver.

What is my legal stand towards the title of the property ? Can she do anything at this stage after the property was gifted to us by our mother in 1984 ?

RAJENDRA PARIHAR   30 June 2018 at 18:40

Builder can sell flats marginal ground space

Sir I purchased a flat on 1st floor in 2017 in Ahmedabad Gujarat . My block consist of 7 floor with 2 house on ground floor with common parking, their is No basement parking . Builder has leaves some marginal open space around all 4 blocks.My Builder has sell marginal open space on ground floor around the my block to the ground floor flat owner. Now ground floor owner is saying that these marginal open space around my flat sell to him by builder and now he wants to make walls around these space so other can't use that space .So please tell me these is legal or not .

Bousalya   29 June 2018 at 22:18

Father's property

Dear Experts,
A father has six sons and two daughters. Among them, he disliked three sons, who all worked overseas and made him rich. Now he says he will give his property lion shares to other three sons. His self earned property. Is it permitted under the law? Can he write a Will ?
Thanks Experts

Apurv   29 June 2018 at 01:27

Property surrender

Hi

Hum 3 bhen bhai hai .. humare pitaji k marne k baad humne khet .. maine apne naam .. apne bhai k naam .. aur sister k naam kara diye the..to humne aapsi sehmati ki hai 3 bhai bhen ne milkar ... kal ko usk sasural wale zor mare sister par ki property me hissa wgrah .. to humari bhen ka khna ki aap mere naam ki property aap dono bhai rakhlo taki kal ko dikkat na ho.. agar ye possible h to kse kita jaye .. humare up k gao azamgarh me hai ...

SANJIB SAHA   28 June 2018 at 13:19

Gift deed

Dear Team,
My family belongs to kolkata, West Bangal. My mother In law wants to gift her property in her children. Is it possible to transfer the property from Mother In Law to son in law. Is gift deed is possible between mother in law and son in law?
Regards,

Sanjib