Hi Friends,
My father in wrote an agreement on stamped paper two and a half years ago to divide his property among sons and daughters. He decided to give money to daughters and property to sons. Property was bought using earned income by him.
He said that the property should be equally divided between two signs. He has signed this stamped (not registered) document and sent a copy to his sons. Each son was supposed to pay him lump sump amount of 5 lakhs for the transfer of property. This money is for his personal use. He wrote that the decision is final and no one should change mind.
Its more than two years and still the division has not taken place. I am ready to give my share of the money promised, but he is just dragging citing some reason.
Recently he emailed a similar agreement on white paper asking for money in return for transfer of property. When I am ready to give the money, he is again dragging the issue and not ready for registration.
What rights do I have because of the promise he made in the agreements? How can he change his decision after giving it in writing on stamped paper?
Please tell me what my rights are regarding this.
Pls. note that years ago solely my Income was used for maintaining this property (many lakhs) for which no compensation was made to me til date.
Thank you.