Gifting Property

Suhas (Querist) 25 November 2009 This query is : Resolved
A co-operative housing society has levied a monthly charge on an immovable property by passing a resolution in its general body meeting as permitted by bylaw 69 as specfied in the model bylaws. This has been questioned by the member in the co-operative court. court has not decided and the matter is subjudice. Further BMC has not given occupation certificate for the first and second floors of the row bungalow even though construction is done as back as 1994. Can such property be transferred by way of a gift deed by father to his son?

Follow Query

Report Abuse

A V Vishal (Expert) 25 November 2009
Yes, there is no bar on gifting such property but it becomes a onerous gift since the son steps into the shoes of the father and subject to the final verdict in the ongoing case.

Raj Kumar Makkad (Expert) 25 November 2009
There is no bar to gift the property in the given matter by a father to his son.

Poonam Upadhyay pathak (Expert) 25 November 2009
There is no bar to gift the propery in ur case by a father to his son.

Suhas (Querist) 26 November 2009
Then the onus of liabilities will also get transferred to the son since the son become the owner, am i right in presuming this?

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now