Online Copyright Registration in India

Protect your creative work
Books, Songs, film, websites, Software, painting, fashion Design etc
Call now: 09891244487

Ask Our legal Experts, on issues related to Divorce

File Mutual Consent divorce right away

Call at ph no: 9650499965
Search On:Laws in IndiaLawyers Search

To Appeal before CIC - Central Information Commission
For Filing and Hearing contact: Choudhury's law Office
Ph no: 9873628941

Author Topic: Buying a house with brother in law  (Read 653 times)

0 Members and 1 Guest are viewing this topic.

Offline nnjamadagni

  • Newlaw
  • *
  • Posts: 1
  • Karma: +0/-0
  • Welcome to legal Service India - law forum for free legal Information
    • View Profile
Buying a house with brother in law
« on: January 09, 2014, 02:58:26 PM »
Dear Sir.
I am an engineer and married. I have a Kid. My sister is also married and she has a kid too. Now we are planning to buy a house together. We are short of funds. Hence we want first the property to be registered in Brother in Law's name to get an home loan. After clearing the home loan they will add me to be the co owner of the  house. My questions are below.
1. Is it possible to add me as co owner with equal rights after clearing the loan?
2. Since my Brother in Law has Kid(my nephew 8 years old) , my nephew  becomes  eligible to property as soon as the house get registered to Brother in Law's name. Now he is minor. Can my brother in law transfer 50% of the rights to me while my nephew is minor? Will this creates any additional complexities in future.
3. What is the best way to share the property in my case.. ?
4. Please provide your opinion and suggestions?
Thanks
Naresh N Jamadagni

Offline Advaradhyakirmani

  • Jr. Legal Expert
  • **
  • Posts: 40
  • Karma: +2/-0
  • Adv.Aradhya Kirmani, Expert in Civil, criminal law
    • View Profile
Re: Buying a house with brother in law
« Reply #1 on: January 09, 2014, 09:50:43 PM »
1. ans: yes possible

2. ans: yes your brother in law can transfer 50% rights... regarding your minor nephew issue well this may arise a cause of concern when he attains majority, he will have a right to file against this.

3. ans: from the very beginning be a co owner is the best way out, right from the time of purchase.

Adv.Aradhya Kirmani
Expert in Civil and criminal laws

 

File a Consumer Complaint
Property verification
Call: 9873628941
 

Lawyers in India - Listed city wise Mumbai
Bangalore
Pune
Pondicherry
Jaipur
lawyers in London
lawyers in Birmingham
Chennai
Allahabad
Ahmedabad
Jodhpur
Indore
lawyers in Toronto
lawyers in Sydney

Cochin
Lucknow
Ranchi
Thane
Janjgir
lawyers in Milan
Johannesburg

Delhi - New Delhi
Chandigarh
Surat
Nashik
lawyers in New York
los Angeles
Kolkata
Hyderabad
Rajkot
Nagpur
lawyers in Dhaka
lawyers in Dubai

Copyright Registration

Ph no: 9891244487

For Mutual consent Divorce in Delhi - Ph no: 9650499965

Home | Bare Acts | Law Forms | Supreme Court Judgments | Legal Advice | Lawyers | Submit article | Sitemap | Contact Us

legal Service India.com is Copyrighted under the Registrar of Copyright Act ( Govt of India) 2000-2016
Get Free legal Advice here from top notch lawyers in India