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Transfer of Property Act

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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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Gift and relinquishment deed for transferring the ownership of property.

Gift and Relinquishment deed for transfer of Immovable property

Of the various methods for transfer of ownership rights in a property “Gift” and “Relinquishment” are two such methods. Both the aforesaid terms serve the same purpose of transfer of property, have similar implications, but the circumstances in which these are executed are different. Gift of immovable property Gift is defined under section 122 of […]

CommonFloor Editorial Team

Essential terms of purchase and sale contracts for immovable property-Part 2

The “transfer of property” means an act by which a living person conveys property, in present or in future, to one or more other living persons. The instrument of sale perfected by execution and registration Deed of Sale. Sale By Section 54 of the Transfer of Property Act 1882, is complete transfer of ownership, no […]

CommonFloor Editorial Team

Essential terms of purchase and sale contracts for immovable property-Part 1

The transactions involving sale or purchase of immovable properties need to be handled with utmost care, transparency, honesty and dignity. If these are followed, a lot of heartache and drainage of investment can be avoided. However a common citizen may not be aware of the legal stipulations or obligations while transacting in immovable property. Section […]

Apartment Owners Association: Acts and legal aspects

As Bangalore draws housing demand from all across the country; growing number of multi-storey apartments and high rises are dotting the Bangalore city scape. Formation of apartment association is a vital task and apartment owners or residents need to be aware of all the related laws and regulations as they would ensure the future protection […]

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