Legal Question in Civil Rights Law in India

Settment deed property-Security

My father in law have given his ancestor property as gift to his son, I and his son jointly are now running a home loan of 30Lacs on the property . How can I secure the property by having my participation in the agreement so as my husband does not sell/transfer/pledge on the property without my knowledge and concern?


Asked on 1/05/09, 5:15 am

3 Answers from Attorneys
Homi Maratha N.N. Maratha & Co.-Advocates

Re: Settment deed property-Security

Hello.

You should get your name entered as a joint owner in the title of the property.

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Answered on 1/06/09, 7:22 am
Vivek Mapara Vivek N. Mapara

Re: Settment deed property-Security

If the property is now standing in the name of the husband, then he can sell, transfer without any bodies concern. However, since there is loan standing in the name of property, the husband will have to inform bank and take necessary sanction from bank, wherein as a joint loanee your signature will also be required.

Feel free to contact

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Answered on 1/05/09, 6:06 am
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: Settment deed property-Security

You should get your name included in the ownership/title of the property as a joint-owner.

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Answered on 1/05/09, 8:16 am


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