We hear expressions like leasing out stores, purchasing real estate, renting out an apartment to a tenant, mortgaging land for the purpose of lending loan, and so on all the time. This shows the numerous ways in which transactions revolve around the land. Individuals/companies/government entities may engage in transactions of purchasing or selling land and…
View detailsIntroduction Numerous depictions of family disputes over the property in movies and novels have proven only one point: since the beginning of time, the property has been a symbol of high economic status, and it has been a source of contention among kin. Property disputes between families are common in India these days. Legal property…
View detailsIntroductionInvestors in India are now looking for creative ideas to generate returns on their investments due to the country’s rising purchasing power. One such method is to buy agricultural land. While some investors keep such land as an asset, there is another group that uses the expanding organic food market to bolster their income. Farm…
View detailsTRUST PROPERTY: Trust property refers to the asset or assets that the grantor or settler (the trust creator) transfers into the trust for the purpose of providing benefits to the beneficiary or beneficiaries (an individual, group of individuals or public) during his or her lifetime or on his or his death (the grantor’s death). Trust…
View detailsPOWER OF ATTORNEY (POA): The concept of Power of Attorney has been discussed under two statutes of India which includes The Powers of Attorney Act, 1882, and The Indian Stamp Act, 1899. The Power of Attorney has been defined as the instrument which empowers a specified person to act on behalf of the person executing…
View detailsA mortgage by deposit of title deed or an equitable mortgage of immovable property is a widely used methodology of creating security against a loan availed from banks and other financial institutions in India. But, it is easily open to fraud. This is because of the reason that it is created merely by the deposit…
View detailsAgricultural land is commonly defined as the part of the area of land that is under permanent pastures, crops or arable, and so forth. The law prohibits building houses, factories, industries, etc. on the agricultural land irrespective of the ownership of the property. Any construction on the agricultural land is allowed to take place only…
View detailsThe English Mortgage is defined in Transfer of Property Act, 1882 under Section 58(e). The Sub – Section (e) of Section 58 states that, “Where the mortgagor binds himself to repay the mortgage – money on a certain date, and transfers the mortgaged property absolutely to the mortgagee, but it is subjected to a proviso…
View detailsIntroduction More than buying a property, registering it can be taxing. If you are planning on buying a property, remember that the amount quoted to you by the seller is not the final price you have to pay. Easily, few lakhs get added to the price quoted to you when you’ll register it on your…
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