The formation of a Hindu Undivided Family or an HUF is quite common in India for income tax-saving purposes. This guide will help you understand the concept of HUF, how it helps you save … READ FULL STORY
Under the Indian succession laws, a Hindu Undivided Family (HUF) consists of coparceners and members. The eldest coparcener of the HUF is the Karta of that family, who acts as the head and is … READ FULL STORY
In cases where an asset is held jointly by several owners, the need for partition arises to divide it among the owners. Division of joint property or land is a common example. The question … READ FULL STORY
After changes were made to the original law applicable to Hindus in 2005, daughters were given the same right into their parents’ property as sons. Just like their brothers, daughters have also been provided … READ FULL STORY
Rental fraud is becoming a big problem in India, affecting the Indian housing market. The rise in online rental services and digital modes of payment is making rental scams more prevalent and harmful, affecting … READ FULL STORY
An agreement to sell is not an instrument that can transfer ownership of property neither does it confer any title, the Supreme Court has ruled. “The agreement to sell is not a conveyance; it … READ FULL STORY
Revenue records are not documents of title, the Supreme Court (SC) has reiterated. These records neither create nor extinguish title of ownership, the apex court has said while delivering its verdict in a property … READ FULL STORY
An unregistered agreement to sell or an unregistered general power of attorney (GPA) can’t be used to transfer the title of an immovable property, the Supreme Court has ruled. While delivering its order in … READ FULL STORY
A shop rental contract is a standard contract to rent commercial space between a landlord and a tenant. If the renter intends to conduct business on the landlord’s property, this agreement enables both parties … READ FULL STORY
Who is the owner of a property is solely determined by who is the owner on the paper—mere possession of the property would not prove you are the owner of the property. So, what … READ FULL STORY
Distressed property is an umbrella term used to refer to real estate assets whose position in the market is financially precarious. This position might be caused by the inability of the owners to pay … READ FULL STORY
A mortgage is a legal agreement between two parties namely the mortgagor (borrower) and mortgagee (lender) where the mortgagor borrows money against a property of his/hers, which gives the right to the mortgagee to … READ FULL STORY
Tenants can rebuild demolished buildings without the permission of their landlords under section 499 of the Mumbai Municipality Corporation Act, the Bombay High Court (HC) has ruled. They also have the right to demand … READ FULL STORY
