IntroductionThe term “mortgage” is derived from a French phrase that was used in medieval Britain and meant “death pledge,” which refers to a pledge that expires (dies) when the debt is paid off or the property is seized through foreclosure. From 1190 onward, the concept of a mortgage originated in England and spread throughout the…
IntroductionA gift deed is a legal document that is used when someone wants to give their money or property to someone else. A gift of property may be made in the name of any person who is alive at the time the gift is made. During the donor’s lifetime, the donee or anyone else on…
Meaning The illegal transfer of property made with fraudulent intention to restrict and defeat the interest of the creditor or any subsequent transferee shall be voidable at the option of such creditor or transferee and such a transfer shall be viewed negatively on the grounds of equity and justice. This transfer is called ‘fraudulent transfer…
PROPERTY Property is commonly described as a person’s rights in relation to an object. Legal theorists have struggled with this term for a very long time. The same definitional issue also arises in non-Western societies. For instance, the word “property” can indicate several different things in Russian. It is sometimes used as a substitute for…
IntroductionWhen two or more people, such as a husband and wife, business partners, friends, or family members, hold title to the same property, this is referred to as co-ownership or joint ownership. All of the owners of a property are considered its co-owners. Any co-owner may transfer his or her personal interest in such property…
Why do people migrate to slums? Cities have experienced rapid population growth in recent years. India, one of the nations with the highest economic growth, is home to numerous major cities, including Pune, Delhi, Bombay, etc. For those who live in villages, cities are the main draw. Because there are few resources in cities, the…
Introduction In India, stalled developments are a major challenge for the real estate sector. Numerous factors, including land conflicts, have contributed to the stalling of thousands of infrastructure investment projects, but their importance has been grossly underrated. A real estate project’s initial stage is land acquisition, and when the process of confirming the title and…
Is it not scary that police having power to seize any property during an investigation. It will create chaos in mind that police will seize any property whether movable or immovable. So to make this clear the conception let’s look into the concept. The term seize under section 102 means to take actual physical custody/control…
INTRODUCTION Joint ownership, also known as Co-ownership, All co-owners are property owners. When property belongs to more than one person, this is called joint ownership. In the case of Coparcenary, male members and daughters share a common equal interest in ancestral property. Any co-owner can transfer their stake to a stranger or other co-owner, and…
Who is a Collector? A Collector formally addressed as the District Collector, is any person given the power to collect or manage collection in a district or territory. He is the highest Indian Civil Administrative Officer who is in charge of the collection of revenue and administration of a district in the country. District Collector…
