Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

kamble audumbar (lawyer)     01 December 2020

gift deed

gift property can apply loan and this can sell to another and also these property can mentioned legal heirs name


Learning

 6 Replies

G.L.N. Prasad (Retired employee.)     02 December 2020

Those who are having such gift deed in their name are having such powers as real owner with good title in his name that includes dealing with property like raising the loan, mortgage, or dispose off the property.

SHIRISH PAWAR, 7738990900 (Advocate)     02 December 2020

Hello,

Once the gift deed is executed in your favour you are the owner of the property, therefore, you can avail loan by mortgaging property, sale property to the third person or rent out the property etc. 

Isaac Gabriel (Advocate)     02 December 2020

Registered gift deed entitles full rights to the holder.

Advocate Bhartesh goyal (advocate)     02 December 2020

Yes, gift deed should be registered with sub registrar office.

P. Venu (Advocate)     02 December 2020

You have not posted the material facts.

Dr J C Vashista (Advocate)     03 December 2020

Incomplete and vague facts can not lead to form an opinion and oblige.

It is better to consult a local  senior lawyer for appreciation of facts and guide/advise .


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register