INTRODUCTION As indicated by section 122 of the Transfer of Property Act, 1882, you can transfer immovable property through a gift deed. The voluntary transfer of some existing property given without consideration is referred to as a “gift.” A legal instrument that can be used for this is a gift deed. The property in question…
Introduction The Right of Easement has been in existence since time immemorial even back when the human race first emerging from cruelty and violence, embraced the custom of living as each other’s neighbors and respecting each other’s rights. It was crucial for the common good of the society to adopt the universal principle that an…
An old saying, “Blood is thicker than water” is an accepted notion in our society, where immense importance is given to family members before any other relatives or friends. Once the family becomes embroiled in legal issues regarding the division of their possessions, this idea becomes tarnished. Things that may be resolved easily with the…
What is a Gift Deed? A gift deed is a legal document that gives details regarding the voluntary transfer of a gift from the donor(i.e. owner of the property) to the donee (i.e. receiver of gift) without any compensation or favor in return. A gift deed can be made for both movable goods as well…
INTRODUCTION A Gift Deed is a legal document that certifies the lawful transfer of a gift from one person to another. A gift deed, as described in Section 122 of the Transfer of Property Act of 1822, is a legally enforceable written instrument that allows the donor to willingly transfer an existing piece of real…
Property is not merely a piece of land or some asset. Property is a relation of a person, juristic person or entity with on object upon which such person holds a right over it. Property has a very wide meaning in its real sense. It is not only includes financial wealth and other tangible things…
Introduction Under the Indian legal system, properties are divided into two categories – movable and immovable properties. Transfer of Movable property is governed by the Sale of Goods Act, 1930 whereas transfer of immovable property is governed by the Transfer of Property Act, 1882. Before this Act came into force there was practically no law as to…
What is a Hindu Undivided Family?The Joint Hindu Family business is a distinct form of organization that is very much peculiar to India. Joint Hindu Family Firm is created by the operation of law and not by any contract. It does not have any separate legal entity from that of its members. The laws that…
It’s simpler to say than to do to obtain a home loan. Even while it may appear like all banks are willing to lend, the process of getting a loan approved can be time-consuming. To prevent any unpleasant shocks later, it is also crucial to understand how home loans function, just as with any…
Hindu Succession Act applicability The HSA comes into question when a Hindu dies intestate (without leaving a will). Thereafter, succession depends upon the principles as carried within the HSA. What is inheritance? The term inheritance is exclusively utilized in the context of succession. Upon the death of a personal, his/her property, title, debts and obligations may devolve upon the heir. Although different…
