Exclusive HOLI Discounts!
Get Courses and Combos at Upto 50% OFF!
Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

kashish shambhwani (founder)     04 August 2014

Huf property

Respected Experts.. Need your advice in the following matter. A property belongs to HUF(4 brothers, 3 of them stay in the house and 1 stays in the other city).Now 1 brother(amongst the 3) wants to buy the portion of the 4th brother and 4th brother wants the same. what are the legal consequences regarding the same.. thanking in anticipation! Regards Kashish shambhwani


Learning

 2 Replies

shanmugam lakshmanan (senior)     05 August 2014

status of property is remain joint. If the property  can be divided for convenient enjoyment of each sharer,then your brother may retain his share. In case, the property canot be divided for convenient enjoyment, every sharer is entitled to purchaser another's share, provided on payment of highest bid.

T. Kalaiselvan, Advocate (Advocate)     05 August 2014

It is again a mere understanding among the brothers who would like go for it amicably.  Legally you cannot force.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register