A mortgage is a financial arrangement where immovable property is pledged as collateral to secure a loan. While often confused with home loans, mortgages serve broader purposes, from buying property to funding education or … READ FULL STORY
Possession is enough to prove the ownership of a property that does not require registration under the Transfer of Property Act, the Karnataka High Court (HC) has ruled. Section 54 of the Transfer of … 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
You would have heard the term immovable property often. An immovable property is something that cannot be moved from one place to another. It has rights of ownership attached to it. Here is a … READ FULL STORY
Applying for a loan is an easy way to finance a house purchase. Terms like ‘mortgage’ and ‘mortgagor’ are quite often used in the context of home loans. Mortgage is a common way to … READ FULL STORY
Everything a person owns in this world can be categorised into two types – movable property and immovable property. Although the names are quite self-explanatory, the difference between them is explained in a specific … 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
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
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
A Bombay High Court bench of justices SC Dharmadhikari and Bharati Dangre, on August 16, 2018, dismissed a plea by Mafatlal Industries, which claimed that it was the rightful leaseholder of a plot of … READ FULL STORY
When it comes to giving out their property on rent, owners’ concerns generally revolve around the quantum of rent to be charged, tenant’s ability to pay, queries pertaining to the lease agreement, lock-in period, … READ FULL STORY
As per the income tax laws, any profit on sale or transfer of your house or land becomes taxable, in the year in which you transfer the same. As per the Transfer of Property … READ FULL STORY
