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…
View detailsINTRODUCTION 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…
View detailsThe 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…
View detailsIntroduction Forests are an invaluable natural resource. They provide us raw materials such as wood, timber, minerals, fodder, fuel, etc. They prevent soil erosion, provide shelter to tribal people, maintain the balance of the ecosystem and function as the guardians of the diverse wildlife that our country houses. Apart from this, many forests in India…
View detailsA 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…
View detailsIntroduction Land provides us with our basic necessities such as food, clothing and shelter. It has always been an important axis for economic activities necessary to sustain human life. No developmental activity is possible without taking land into consideration. Goods can be moved around but land is immovable. Hence, the capability of land to provide…
View detailsIntroduction When we speak about second wife, the first thing which comes in our minds the legality attached with second marriage.The various personal laws have different rules regarding this.Starting with Hindu law we will first learn about the legality of second marriage according to hindu law. According to The Hindu Marriage Act,1955, section 5, a…
View detailsINTRODUCTION The Indian Parliament passed the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation, and Resettlement Act, 2013, which governs land acquisition and establishes the process and guidelines for providing compensation, rehabilitation, and resettlement to those who are impacted in India. The Act includes measures for fair compensation for landowners who lose their…
View detailsIntroduction : The doctrine of lis pendence is a legal principle that states that a title to property cannot be transferred until the debtor has received the funds they are owed. This principle is important in property law because it helps to prevent creditors from seizing property until they have been paid. This principle is…
View detailsIntroduction : Land Acquisition is defined as the acquisition of ownership of private lands for public purpose. In the context of India, the definition of land acquisition is different than many countries where the government acquires the land for development projects. In India, land acquisition is done by the state governments for various purposes i.e.,…
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