A Unit of GARG ASSOCIATES (NARWANA WALE)
When it comes to property transactions, terms like “sale,” “lease,” and “mortgage” are commonly used, but they can be confusing. Understanding the differences between these concepts is crucial for anyone involved in buying, renting, or financing property. Let’s break down these basic concepts in simple terms. Sale: The Complete Transfer of Ownership A sale is […]
Property law refers to the laws and regulations that govern the ownership and use of land, buildings, and other tangible and intangible assets. In ancient India, the property law was described in Hindu scriptures such as the Mahabharata and Ramayana. These scriptures are considered to be the source of traditional Hindu law and provided guidelines […]
A legal document is a written instrument that records and formalizes an agreement, obligation, or other legally enforceable act. It is a communication tool in the legal sphere designed to express and enforce rights, responsibilities, or procedures under the law. Conveyancing is the branch of law which dealt with modes and forms in which the […]
As we celebrate another year of India’s independence, let’s take a moment to reflect on how our nation has grown and adapted its laws to meet the changing needs of its people. One fascinating area that showcases this evolution is the right to property, a concept that has undergone significant changes since we gained our […]
The title of a property depicts the ownership rights of a person. When there is a transfer of property from the original owner to another person, the ownership changes and therefore, the title of the property needs to be changed. The new owner’s name needs to be substituted for the previous owner in the records […]
As home ownership may sometimes be unaffordable or inconvenient, a majority of the population in India’s major cities live in rented homes. The follow-up task is to then find a suitable rental property and create and execute a proper rent agreement to make the renting arrangement legal. As the rent agreement remains key to this […]
Sale deed is a legal document evidencing that the sale is complete. It contains details of the buyer, seller, area, location of the property, and consideration details. The sale deed has to be registered with the sub-registrar under whose jurisdiction the property situates but before registration make sure that full consideration is paid. Only registered […]
Introduction WILL has been defined under section 2(h) of the Indian Succession Act, 1925, as “Legal declaration of the intention of a person with respect to his property, which he desires to take effect after his death”. In other words, a WILL is a legal instrument vide which a person disposes off his property to […]
Probate of Will and Succession Certificate, both granted by the competent Courts, are of absolute necessity and recommended, especially in the scenario when a deceased person’s estate needs to be distributed by way of Will or by way of Natural Succession. Probate is granted when the deceased person has left a Will. However, the Succession […]
When debt cannot be recovered, it turns into bad debt. Normally, in “Debt Collection” the creditor tries to recover consumer credit and loans/ receivables that have not been paid back and in “Debt Recovery” the creditor hires a third party to recover such debt/ receivables when it goes unpaid for a substantially longer time period. Many times there is a security given by […]
A Unit of GARG ASSOCIATES (NARWANA WALE)
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