Legal Question in Real Estate Law in India

Property Agreement

We are three partners and booked a property. As i joined latter in partnership, my name in not reflected in a allotment letter issued by a builder. what type of legal formality i have to do for become a valid partner? Because only the allotment letter is one & only proof of the above property. We are not going for registration and stamp duty.


Asked on 3/21/07, 1:35 am

2 Answers from Attorneys
Panduranga Acharya J & P Associates, Advocates & Solicitors

Re: Property Agreement

Dear Sir,

You havenot specified whether your firm is a registered partnership firm or not. if it is registered partnershi firm and you are on record as partner then you need not to worry

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Answered on 3/22/07, 6:02 am

Re: Property Agreement

It seems that property stands in the name of partnership firm,hence, there is nothing to worry since you are partner of the firm.

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Answered on 3/21/07, 12:31 pm


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