How to do partition of property
vikrant patil
(Querist) 25 February 2016
This query is : Resolved
respected sir,
My father earned house about 3000sq.ft in 1975,during he was earning as bank manager.
as he had died in 2011 I want to seperation
of property and want my seperate share.the
family members are as follows
1.Me(Vikrant)
2.Mother
3.Sister(Married)
4.Brother
5.sister(married)\
As iam elder brother of all,i mentioned the names of all family members on 7/12(utara).
QUestions
1.but I want to do
seperation of property between me & my brother is it
possiblle.if possible how to do it.
2.If not possible,then guide how to take my separate single share from this property.
3.can any of the above take loan on property without
asking me
Anirudh
(Expert) 25 February 2016
The property has to be shared equally between all i.e. mother, two brothers and two sisters.
It will not be possible for any single person to take any bank loan, in the facts of your situation.
Rajendra K Goyal
(Expert) 25 February 2016
Your sisters and mother can gift / relinquish their rights in favor of you and your brother. Both of you can divide / decide / identify your share. Registered family settlement is also possible.
