ravishankar (officer) 18 June 2012
MY WIFE HAS A FLAT IN BANGALORE AND HER SISTER HAS ANOTHER IN THE SAME COLONY.CAN EACH EXECUTE A SETTLEEMNT DEED TO ONE ANOTHER FOR THEIR PROPERTY?I.E.MY WIFE EXECUTING A SETTLEEMNT DEED TO HER SISTER FOR HE FLAT AND HER SISTER TO MY WIFE THRU ANOTHER DEED?
KINDLY ENLIGHTEN..
RAVI
Adv.R.P.Chugh (Advocate/Legal Consultant (rpchughadvocatesupremecourt@hotmail.com)) 18 June 2012
1. Settlement Deed postulates a pre-existing interest in both the properties of both the parties - after which a workable solution is carved out by means of a settlement. If both the parties have got the properties in sucession and they are possessing different properties with no formal partition etc. then they can execute a registered settlement deed.
2. On the other hand if these are seperate properties - a registered deed of exhchange is your thing.
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