Ashok (Consultant) 30 April 2014
Hello Sir,
Me and my brother are constructing a House with 2 floors one for me and one for my brother.
1.Can a settlement deed be made with life time interest of my parents?.If yes can we have the property tax,EB & Water connections in our names?.Can we avail Bank loans?
Thanks in advance,
Ashok
ADV-JEEVAN PATIL, MUMBAI ( DEEMED/CONVEYANCE OF BUILDING) 30 April 2014
Dear Ashok,
You and your brother are constructing a House with 2 floors one for u and one for ur brother.
1] Can a settlement deed be made with life time interest of my parents
Ans: i] No, question of settlement comes when dispute arises and then settled ii] in the court or off the court.
iii] Best way is to enter into MOU/Agreement/Family Arrangement either.
2] Can we avail Bank loans?
Ans: Yes, subject to property being free from any incumbrances.
ADV.JEEVAN PATIL.
Thanks in advance,
Ashok
ADV-JEEVAN PATIL, MUMBAI ( DEEMED/CONVEYANCE OF BUILDING) 30 April 2014
Dear Ashok,
You and your brother are constructing a House with 2 floors one for u and one for ur brother.
1] Can a settlement deed be made with life time interest of my parents
Ans: i] No, question of settlement comes when dispute arises and then settled ii] in the court or off the court.
iii] Best way is to enter into MOU/Agreement/Family Arrangement either.
2] Can we avail Bank loans?
Ans: Yes, subject to property being free from any incumbrances.
ADV.JEEVAN PATIL.
Thanks in advance,
Ashok
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