Introduction Property is an essential asset of a person’s life owned during and after his lifetime. Property is acquired for various purposes like shelter requirement, investment or financial security.[1] Property can be self-acquired i.e. purchased with a person’s own money or it can be ancestral, i.e. property of the ancestors inherited by the successors. These…
View detailsINTRODUCTION Out of many transactions that we come across in our life, one of the significant transactions relate to property which are of utmost value for our State. Hence State has always wanted to build a strong mechanism to synchronise such transactions with a motive of gaining some revenue through the form of stamp duty…
View detailsIntroduction : NOC means “No Objection Certificate” it is a clear permission for transferring of property. NOCs play an important role in the real estate sector as they help in transferring properties from one owner to another. NOCs are often required by the seller or buyer who has already purchased a property and is looking…
View detailsStep By Step, Place Became Property, Property Became A Mortgage, And Mortgages Became Derivative Investments. INTRODUCTION What Is a Mortgage? A mortgage, as per section 58 of the Transfer of Property Act, is a sort of loan used to buy or keep up a house, land, or other pieces of real estate. The borrower agrees to…
View detailsWhen it comes to estate planning, every well-meaning lawyer or financial adviser advocates writing a will to avoid family disputes over inheritance. However, it may not always be an efficient way to transfer assets to legal heirs because a will, registered or not, can not only be challenged by family members in the court of…
View detailsIntroduction Law enforcement agencies like police of a state has been empowered with due legislative prescriptions to seize property consisting of vehicles, money or other miscellaneous property. Real property may be seized for possession of illegal narcotics and drugs or seizure of property often involves those properties which are suspected or alleged to be stolen.…
View detailsMEANING Generally speaking, easement refers to the property right by way of nonpossessory interest held by someone to use the facilities on a certain premise for a certain purpose without any legal entitlement. According to Halsbury’ Laws of England, an easement is “a right annexed to land, to utilize other land of different ownership in…
View detailsThe right to property was earlier a fundamental right, under Article 19 (1) (f) and Article 31, both enshrined in Part-III of the Indian Constitution. Article 19 (1) (f) guaranteed Indian citizens the right to acquire, hold and dispose of their properties. On the other hand, Article 31 guaranteed the right against property deprivation.However, problems…
View detailsAccording to the Power of Attorney Act of 1882, a POA is any document that gives a specific person (the agent) the authority to act on behalf of and on behalf of the person who executed it (principal).Hormusji K. Bhabha vs Nana Appa on 30 January, 1934 defines Power of Attorney. The agent may also…
View detailsFreedom and Property Rights are inseparable. You can’t have one without the other. -George Washington INTRODUCTION What is an easement? The concept of the easement has been defined under Section 4 of The Indian Easements Act, 1882. According to the provisions of Section 4, easement or easement agreement is a term that describes a situation in which one party…
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