Co applicant rights in property

Athi Vishal HD (Querist) 23 October 2024 This query is : Resolved
Respected Sir, my uncle has purchased one property through loan. His 2 Sons are co applicant in this loan.Now my uncle has decided to sell his property. But he is not ready to give share to his sons. Since his 2 Sons are co applicant, is 2 Sons(co applicant) are eligible for their share in that property?

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Being a co-applicant on a property loan does not automatically grant you ownership rights or a legal claim to a share of the property. The co-applicants are only responsible for the loan itself. The property owner, in this case, the uncle, retains full rights to sell the property as they see fit without needing to provide a share to the co-applicants.

T. Kalaiselvan, Advocate (Expert) 23 October 2024
Please note that the coapplicants for a loan are not joint owners of the property hence they cannot claim any share in the property as a right.

kavksatyanarayana (Expert) 23 October 2024
Yes. Your uncle's sons are co-applicants for loan purposes only but have no rights over the property. Your uncle can sell his property as he likes.

P. Venu

(Expert) 24 October 2024
Why you are so concerned about the private affairs among those in another family?

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