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shyam lal   09 December 2022

Legal terms

What is the Legal meaning of co-sharer, coparcener, co-owner or joint owner,of property


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 1 Replies

sahithi reddy   20 December 2022

Co-sharer 

Co-owners mean all the owners of a property. If the property is owned by more than one person, it is called joint ownership. the In case of coparceners, the male members and daughters have a Mon and an equal interest in ancestral property 

According to the land revenue record, a co-sharer is a person who owns a portion of a specific plot of property. Although his real possession may only be on a small portion of the land, a co-sharer is presumed to own every square inch of the ground.

 

Coparcener 

Hindu succession law uses the term "coparcener" to describe a person who is born into a Hindu Undivided Family and so receives a legal claim to their ancestral property (HUF). Everyone born into a Hindu family is a coparcener by the Hindu Succession Act of 1956. It's necessary to comprehend what a HUF is before continuing.

 

Co-owner or joint owner 

Co-owners are all of the property's owners. Joint ownership is the term used when more than one individual owns the property. The male members and daughters in a coparcener have an equal interest in the ancestral property.


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