Wife and Husband own a joint property registered in both name.
Husband made most of the downpayment and some EMI's. 80%contribution
Wife paid EMI's for 2-3 years. 20% of contibution
I read some forums and got to know irrespective of contribution wife and husband both have 50% share as it is jointly owned property - IS it correct?
If correct, please help me with law and section where i can read the law and understand it correctly please.
I am in talk of MCD with wife and if it is clear that court will give her 50% share without going into details who contributed how much , then i will say yes for 50:50 share. Please share ur thoughts and law definition.
Thanks in advance.