LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

vetrivel (Personal)     18 July 2023

Girl children right on dad`s gift property

Hi Sir,

My Father got a property by a gift deed and which is a mortgage with a Loan and all family members has been signed and got Loan. After this can we consider all family members have rights on the property?

 

 



Learning

 6 Replies

Mr. Sumitra kumar (Advocate)     18 July 2023

No, but as an legal heir- yes but with liabilites too.

 

Thank you.

1 Like

vetrivel (Personal)     18 July 2023

Thank you. So i have rights on this property rights in legal terms?

Advocate Bhartesh goyal (advocate)     18 July 2023

No, Since father is absolute owner of property so during the lifetime of  father no any legal heir can claim  right and interest in property.Merely signing on loan papers does does create any rights in property.

1 Like

Adv. Shalini Agrawal (Lawyer)     18 July 2023

Since the father received that property through gift deed, it becomes his self acquired property. He is the absolute owner of that property. None of the family members has any right in that property during father's lifetime.
2 Like

satish.purushotham (service)     19 July 2023

After the ,death,of your father,all members of the family,will have a right,over the property and all the members of the family,will have a liability,over the loan also.In the,life time of your father,it is his personal property,he can gift this property,to whom ever he wishes.

1 Like

Shashi Dhara   21 July 2023

You are only witness for loan ,this don't create any right over your father's property which came through gift .

1 Like

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register