Property sales are formalised in a stage-wise manner. One of the first documents that is executed, to provide a proper legal status to an understanding between a buyer and a seller, is known as … READ FULL STORY
When you take a home loan, the same is secured by way of a mortgage. The Transfer of Property Act, 1882, defines a mortgage and enumerates various types of mortgages. Let us understand what … READ FULL STORY
Home loan and mortgages are two words sometimes interchangeably used. However, both are different from each other and should not be confused. What is a mortgage? When you use your ownership in land … READ FULL STORY
Although the two terms – lease and rent – are often used interchangeably, leasing a property is not the same as renting a home. This is true if we went by the strict legal … READ FULL STORY
Do you have to get the deed registered, if you are gifting a property? Do you have to pay stamp duty, if you are gifting your property to another person? In case of gift, … READ FULL STORY
When one buys a property, the sale consideration is generally paid for, by way of money. However it is not necessary that the consideration for the transfer of a property, should always involve money. … READ FULL STORY
Even though you may be the sole owner of a property, there are tax implications on the transfer of your property to another person, as the transaction is likely to fetch gains for the … READ FULL STORY
Landlord-tenant disputes can be resolved through arbitration, except when they are covered by specific forum created by rent control laws, the Supreme Court has ruled. Delivering its landmark verdict in the Vidya Drolia and … READ FULL STORY
You would have heard the term ‘immovable property’ often. Simply put, anything that cannot be moved from one place to another, is immovable property. It has rights of ownership attached to it. Here is … READ FULL STORY
The current COVID-19-induced nationwide lockdown has been in continuance for 60 days and counting. This is certainly an unprecedented situation that we all have seen, till date. The economic impact of the Coronavirus pandemic, … READ FULL STORY
Transfer of property by way of gift If you wish to transfer a property, so as to make the donee enjoy the property immediately, this can be done by way of a gift. You … READ FULL STORY
Acquisition of immovable property by a minor A minor can acquire an immovable in various ways. He can acquire it by way of inheritance, either through a will or through the intestate succession law … READ FULL STORY
For a home buyer, the much awaited sense of ownership of the dream home, follows the execution and registration of the sale deed. The sale deed, from the seller to the buyer, is the … READ FULL STORY
