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k.n.VIJAYAKUMAR   04 September 2021

Purchase of flat ,will

Respected sir,

Your valuable contribution  service , immense thanks to them.

Sir, my query - A& B buy a flat costing 60 lacs. A only pays for it out of his self-earned funds , & included B (who worked for A for a decade) for name sake. Mentions, / writes in the sale deed- that after the demise of A -- B will have the exclusive title on it. Is this ok ? In future, if B wants to sell, or can he mutate it / should he pay any stamp duty etc ?

Thank you sir.



 2 Replies

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     04 September 2021

Unless the title document of a property states that the owners of a particular property shall hold the same as joint tenants, it is presumed under law that the owners of the said property are tenants in common. Further, there is no difference between joint ownership/co-ownership under any law.

k.n.VIJAYAKUMAR   04 September 2021

Sir, True. when we register there are 2 proponents -A&B. When A is no more it could go to B. -Maybe the legal heirs of A could also claim. Only to prevent that -A mentions, after his demise, the other half of whatever -it could go to B. Is this ok sir, -law -wise or technically/. That is only my question sir.

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