LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

pal (manager)     25 December 2013

Gift deed

I am a NRI and I bought 2 property in karnataka. Due to my travel schedule I was not there during the time of registeration and hence registered one in fathers name and 1 in my mothers name. now that I want to register the property in my name, I am taking back the property via gift deed. I have a sister who is married. Please advice me the neccessary clauses to include in the gift deed to make sure in future i should able to sell or build house in the property without any intervention from my parents nor from my sister.

Pls advice.



Learning

 1 Replies

T. Kalaiselvan, Advocate (Advocate)     26 December 2013

Both your father and mother are the absolute owners of the properties presumed to have been bought by you on their names, and both the owners have got full rights to dispose the properties in the manner an way they desire  it to be, so a gift deed without implying any condition  but made out of love and affection will be sufficient for you to have full rights over the properties in the future.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register