Full & Final settlement on Separation
CHRIS
(Querist) 21 September 2015
This query is : Resolved
Dear Sir/Ma'am,
Five years back a old family friend of us started living in our house and we accepted him as our father, since my mom is already divorced and we were looking for a partner for her. But after few years we came to know that he already has a family and cannot marry my mother legally. Now they have decided to separate and we don't want any relationship with him. PROBLEM is he had put some money in one of my apartment and he wants it back. The apartment is registered on my and my mothers name and I have taken a housing loan for the same. And on mutual understanding I am ready to pay back his share in a full and final settlement. I spoke to few lawyers and they say a mutual agreement on stamp paper is enough. I want to be on safer side as I don't want him or any of his family memeber to come back in future and claim any right on property. What all important points should I cover in agreement ? And do I need to register the agreement or notary is enough ?
It's a bit complicated scenario and I strongly believe this is the best platform where I can get some help.
Going for a agreement in 3 days, request your assistance please .
Thanks in advance !
Kumar Doab
(Expert) 22 September 2015
if your lawyers have already opined that an agreement reduced in writing on stamp paper can be drafted and signed then you may Register it.
Kumar Doab
(Expert) 22 September 2015
Repeated Query:
http://www.lawyersclubindia.com/experts/Separation-from-live-in-relationship-561521.asp
CHRIS
(Querist) 22 September 2015
Thanks for your reply, what is the difference between an unregistered stamp agreement and a registered one ? And do I need to pay extra 4% of the settlement amount to the registrar in case I want to register my stamp agreement?
SAINATH DEVALLA
(Expert) 22 September 2015
What made U repeat the same query again?No response
Dr J C Vashista
(Expert) 24 September 2015
Instead of repeating the same query on this platform, you must have sought professional "PAID" services of a local lawyer if you feel unsatisfied with the expert's reply, opinion and advise in your previous query,"FREE OF COST" .
