Owning A Property Together With A Relative

Asked in Property

  • Vairamuthu

    Chennai

Expert's Answers(4)

  • Advocate Ravi Shankar Awasthi

    Dhamtari, Chhattisgarh
     

    यदि बिक्री पत्र में उल्लेखित है आपके और आपके रिश्तेदार के share के बारे में और अपने share को अपने अनुसार उपयोग, उपभोग के बबवत भी उल्लेखित है तो बिना किसी सहमति के बिक्री कर सकते है। अन्यथा नही।

    June 14, 2017
  • Never go for such joint venture.

    June 14, 2017
  • Advocate Saket Bisani

    Bangalore, Karnataka
     

    All the rights on the land including the power to divide it and sell a portion of it would be expressly mentioned in the sale deed when you buy the property. If the sale deed is already executed, you can make a collaboration agreement and expressly spell out the kind of construction you intend you make on the land and the demarcation on the property. when you make a separate collobration / joint venture agreement with him. 1. yes you can independently sell your property without his consent, if it is written so in the agreement. 2. you can mention which share belongs to whome, if you do not mention that the first floor or the ground floor belongs to you there will be no clarity to sell that portion. ideal way would be to make yourself the owner of the first floor and reserve the right to sell the property without his consent. 3. When it's about property, it always safer to get it checked by your own lawyer as a double check measure after the deed is made, you will also get to know his intentions by the end of the day. 4. hire a lawyer, he would be able to advise you in detail when you show him the agreement or ask him to vet it for you. I am in Chennai this week, let me know if you need assistance with the agreement.

    June 14, 2017