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co-owner of the property

legal doc

Procedures involved in Mutation of Property

There are various documents that the seller of a residential property has to hand over to the buyer at the time of sale of property. In this regard, the prospective buyer often requests the seller to provide the latest mutation of the residential property. Hence, it is imperative that the seller is aware of this […]

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checklist

Documentation for transfer of Immovable Property

In India, transfer of Immovable Property is covered under the Transfer of Property Act, 1882. Transfer of property, especially if it is inherited property, is a long-drawn process involving considerable documentation and legal paperwork. The property in question becomes disputable if the relevant property documents are not in place for the transfer to take place […]

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What are the factors affecting taxation in joint ownership?

It’s a very common practice that when a person purchases immovable property the name of his / her spouse is added as co-owner, though the consideration is paid by either of the spouse solely through her/his own resources. In such cases the property becomes joint property and ownership thereof becomes joint ownership with both the […]

What is difference between a Co-owner and Co-borrower?

Co-owners and Co-borrowers are two terms that are often interchanged in context of home loans. However, both these terms are interrelated but are not interchangeable. To know the difference between the two, one must first understand these terms and their relation with home loan. To build a fixed asset, a home Loan is required. Home loans are also […]

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