Ancestral property

Querist : Anonymous (Querist) 02 June 2020 This query is : Resolved
We reside in a property built in 1935 by our great grand father
We want to preserve it
It has stake also of other 4 siblings of our father
How do we find out how much we need to pay them to preserve property?
Ours is 1st floor terrace house.1st floor have tenants
Can tenant n other stakeholders push us into redevelopment?

Follow Query

Report Abuse

Raj Kumar Makkad (Expert) 02 June 2020
This is not a legal question rather is of mutual consent of the parties which even depends upon the circumstances. If the said building is in dilapidated condition and requires its redevelopment then the consent of other siblings of your father do matter to fulfill your desire. Eviction of the tenants is possible through the court if no mutual settlement takes place for personal necessity. Better you reach to a mutual agreement/settlement/arrangement with other siblings of your father and sort out the solution.

Rajendra K Goyal (Expert) 02 June 2020
You said:
How do we find out how much we need to pay them to preserve property?
Reply:
This is matter of amicable settlement / understanding/ existing conditions etc., no yardstick can be fixed.

You said:
Ours is 1st floor terrace house. 1st floor have tenants Can tenant n other stakeholders push us into redevelopment?
Reply:
Yes, they can push up. If proceed for redevelopment, it would be beneficial to avail the services of professional to ensure optimum gain.

Dr J C Vashista (Expert) 03 June 2020
No legal issue is involved in the post for consideration and obligation of experts.
Settle the issue amicably and redevelope and maintain the premises/property worth dignified habitation.

Rajendra K Goyal (Expert) 03 June 2020
Agree with the expert that no legal issue is involved, please revert if any legal issue is involved / rise in the process.

Raj Kumar Makkad (Expert) 03 June 2020
Mr. Goyal has just repeated his previous reply by agreeing with another expert. What is the use to write down such agreement when subsequent expert has agreed with you.

Rajendra K Goyal (Expert) 04 June 2020
No repetition is there, proper reply as per requirement of the query.

The above post from the expert is unwanted.

Raj Kumar Makkad (Expert) 04 June 2020
If the above-noted expert do not want to go through his previous reply and compare the same with his subsequent then none other to blame. please. Everyone can read both the replies and can conclude whatever I have indicated above.

Rajendra K Goyal (Expert) 05 June 2020
Sometime emotions a person are associated with the property, they do not want to part with the said property. Other co-sharers twist the arm of such person may call it blackmailing due to associated emotions. For getting the desired results, you may have to pay more than the market value to keep the property.

Rajendra K Goyal (Expert) 05 June 2020
Advices are requirement of the thread.

Experts have right to differ but not to comment personally.

Previous

Next

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

Click here to login now

Ask Query
Unanswered Queries

Ancestral property

Download LCI APP

Our Network Sites