Flat purchased with 2 son jointly as purchasers and father as confirming party.
In this situation, if 2 sons are owners, then what are the rights of the confirming party?
Can confirming party request for sale or any share from the flat?
Jayanti Devi (Student) 29 December 2023
Flat purchased with 2 son jointly as purchasers and father as confirming party.
In this situation, if 2 sons are owners, then what are the rights of the confirming party?
Can confirming party request for sale or any share from the flat?
T. Kalaiselvan, Advocate (Advocate) 29 December 2023
The concept of using a confirming party is to avoid future litigation or claims arising with respect to the transaction.
It simply means though a certain party is not entitled over a property with absolute rights, he is confirming the sale transaction by joining with the sellers.
Therefore the confirming party do not have any rights for a share in the property for whatever reason.
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