rakesh 05 June 2015

ownership

My friend is owing a flat with first name is his and second name is of his father. his father and mother has experied. He wants to know that how much he is the owner of the flat and if other legal heirs can put their claim on the flat.

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7 Replies

bsrao 05 June 2015

His original share (50%) as a co-owner plus his equal share along with the other legal heirs.

saravanan s (legal advisor) 05 June 2015

the 50% share belongs to you and the other 50% your fathers share will devolve

1.if he had died intestate then it will devolve in equal shares over his mother (if alive) and children.so you will also get a equal share along with other legal heirs

2.if he had willed it then the beneficiary will be the owner of the remaining 50%

Kumar Doab (FIN) 05 June 2015

Agreed with experts.

rakesh 05 June 2015

thanks for your valuable answer towards my Query. Kindly suggest is there any changes of transferring the full ownership of the flat to his name as he the EMI from starting and was not helped by parents or the heirs. The flat was taken on both names for loan purpose.