Joint property of minor
Querist :
Anonymous
(Querist) 17 March 2011
This query is : Resolved
I am buying one property. Builder has sold this property to Investor which has registered the property in joint name of him & his minor son.He sold that property within three years to first buyer. He has not taken Court permission before sale & father has signed in sale agreement on behalf of his son as father & natural guardian at the office of sub Registrar. The property was acquired by father & was in the joint name of father & son. What precaution i should take before purchase. Please guide.
Gulshan Tanwar
(Expert) 17 March 2011
Whats the age of that minor now?
Querist :
Anonymous
(Querist) 17 March 2011
Now age of minor is 13 years
Querist :
Anonymous
(Querist) 18 March 2011
The deal is around eight years old & taking court order will not be possible at this juncture. If we take Deed of indeminity duly registered at the office of sub Registrar stating that father has purchased that property from his own resources & after sale to the first purchasers father has taken care of minor's interest & deposited minor's share of earning at minor's name.will it suffice?
