PROCEDURE FOR REGISTRATION OF GIFT DEED

GIFT DEED A Gift Deed is a legal document that represents a transfer of gift from one person to another as per the provisions of the law. Gift Deed is a legally binding written document defined in Section 122 of the Transfer of Property Act, 1822, through which the donor can transfer an existing movable or... Continue Reading →

TRUST OWNED PROPERTY

A trust is an arrangement by which the property of the author of the trust or settlor is transferred to another, the trustee, for the benefit of a third person, the beneficiary. In general terms, trusts fall into one of two categories, private trusts and public trusts. The India Trusts Act, 1882 (act) governs private... Continue Reading →

MORTGAGE BY TITLE DEED DEPOSIT

The concept of Mortgage by deposit of title deeds is unique and seemingly simple as compared to the other kinds. Here, the debtor just delivers to the creditor the documents i.e., the title-deeds of immovable property with intent to create a security. Mortgage was a well-established mode for taking a loan since ancient times. In... Continue Reading →

AWARD UNDER LAND ACQUISITION ACT

Land Award means that portion of the award in condemnation proceedings which represents the value of the land and of any subsurface installations of sanitary sewers, storm sewers, water systems pipes, landscaping, and the curbing, surfacing and other improvements to any streets or ways which may be taken, the consequential damages to any part of the... Continue Reading →

COMPENSATION UNDER LAND ACQUISITION ACT

INTRODUCTION The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2013 The Bill provides for land acquisition as well as rehabilitation and resettlement.  It replaces the Land Acquisition Act, 1894. The process for land acquisition involves a Social Impact Assessment survey, preliminary notification stating the intent for acquisition, a declaration... Continue Reading →

LAWS RELATED TO RENTING PROPERTY IN INDIA

DEFNITION: Rental Property means a parcel of residential real property that is wholly owned by or acquired by a Borrower and the fee title to which is held by such Borrower, together with all Improvements thereon and all other rights, benefits and proceeds arising from and in connection with such property. Laws in India are the state... Continue Reading →

CONTRACT TO SELL OR LET PROPERTY BY ONE WHO NO TITLE NOT SPECIFICALLY ENFORCEABLY UNDER SPECIFIC RELIEF ACT

 INTRODUCTION Law of Specific Relief in India was originally codified by Specific Relief Act, 1877. The provision of this enactment was considered by the Law Commission in its Ninth Report which was later replaced by the present act of 1963. The Specific Relief Act, 1963 deals with the remedies granted at the discretion of the court for the enforcement... Continue Reading →

LEGAL REMEDIES FOR HOME BUYERS IN CASE OF DELAY IN POSSESSION BY THE BUILDER

The delay in possession of the property can be caused due to many problems. But one must be cautious while purchasing a property. The buyer must read the points and the disclaimers in the buyer builder agreement thoroughly. One must check the financial credibility of the builder too. Once an agreement is signed containing no... Continue Reading →

THINGS TO BE AWARE IN BUILDER – BUYER AGREEMENT

A builder-buyer agreement is nothing but an ‘Agreement for Sale’. This document indemnifies that the said bought property is transferred on the buyer’s name and all the rights towards the same are transferred to new owner’s name subject to the mutually acceptable clauses mentioned in the agreement. It includes different annexures, approvals, flat layout, terms... Continue Reading →

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