Kalpana Ekbote 11 October 2021
Family members who are co-owners of a property have decided to develop a property which they jointly own. After development of the property they have decided to allot their respective shares in the newly built property. My query is what kind of documebt should they prepare to develop their shares. There is no dispute between them. Would a mere declaration suffice.
G.L.N. Prasad (Retired employee.) 12 October 2021
Let anyone file a partition suit with a minimum court fee, and after getting a number approach to District Legal Service Authority, get a compromise award duly signed by all co-sharers through them which can not be challenged later by anyone.
P. Venu (Advocate) 12 October 2021
What is the title for 'coownership'? How many members are are there in the family?
Kalpana Ekbote 12 October 2021
Gift deeds were executed in each name
Dr J C Vashista (Advocate) 12 October 2021
You may execute a "Family Settlement" which may or may not be registered.
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