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Shilpa (HR Mgr)     18 December 2009

Gift from Brother In Law

 Hello All,

I need your advise as in 2002 I bought a flat and since both me and my husband was not working then, we asked our brother in law( husband's brother) to help us get a home loan beacause of which we had to make my brother n law(husbands brother) a joint owner along with me for this falt. Now my loan is over and I want him to remove his name compleely from the house. How is that possible, I have heard of gift deed will that work, what is cost implications.

Please reply.

Regards

Shilpa



Learning

 1 Replies

Lakshmi (HR)     21 December 2009

yes shilpa u can remove his name , ask him to give a gift deed - the gift deed cost Rs. 2500/- only whereas the mediator(laywer, typewriter etc) will charge more. be carefull when u go through lawyer.


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