The financial landscape in India is influenced by various factors, and one crucial element that significantly impacts the economy and individual finances is the repo rate. In this article, we will unravel the concept of the repo rate, delve into its role in the Indian economic system, and understand how it directly affects home loan EMIs for Indian readers.… Read more
Mastering Leave and Licence Agreements in India: A Comprehensive Guide
In the realm of real estate transactions in India, the Leave and Licence Agreement is a legal document that plays a pivotal role in safeguarding the interests of both landlords and tenants. Understanding the nuances of this agreement is crucial for those entering into rental arrangements. In this comprehensive guide, we will explore the intricacies of the Leave and Licence Agreement, its significance, key components, and the legal framework that governs it in the Indian context.… Read more
Understanding Partition Suit in India: When and How to File
In the realm of property ownership and inheritance in India, a legal term that often surfaces is “partition suit.” This legal process is instrumental in resolving disputes arising from joint ownership of property, a common scenario in the Indian context where families often share ancestral or jointly acquired assets. In this article, we delve into the intricacies of a partition suit, exploring what it is, when it is typically filed, and the key considerations involved.… Read more
Legal Heirship in India: Why a Mother May Not Inherit Her Son’s Property!
Under the Indian Succession Act, 1925, the mother of a man who dies intestate (without leaving a will) is not his legal heir. The legal heirs of a man who dies intestate are his lineal descendants (children, grandchildren, etc.), parents, siblings, and their lineal descendants (nephews, nieces, etc.). In the absence of any of these heirs, the property of the deceased person will escheat to the state.… Read more
The real estate challenges faced by same-sex couples in India!
There is no legal status to same-sex marriages in India. This has a number of implications for same-sex couples, including in the realm of real estate.… Read more
Who Inherits a Wife’s Estate When She Passes Away?
The inheritance of a wife’s properties after her death in India is governed by the Hindu Succession Act, 1956 (HSA) for Hindus, Buddhists, Jains, and Sikhs; the Muslim Personal Law (Shariat) Application Act, 1937 (MPASAA) for Muslims; and the Indian Succession Act, 1925 (ISA) for Christians and Parsis.… Read more
The Role of Partition Deeds: A Guide to Fair Property Division!
Property division can be a complex and contentious process, particularly when it involves co-owners, family members, or business partners. In such scenarios, a partition deed often comes into play as a crucial legal document to ensure a fair and amicable division of property. In this blog, we will explore the concept of a partition deed and discuss the situations in which it is commonly used for property division.… Read more
Understanding Relinquishment Deeds: A Guide to Property Division!
In the intricate world of property transactions and division, one term that often arises is the “relinquishment deed.” This legal document plays a crucial role in situations where property is divided among family members or co-owners. In this blog, we will delve into what a relinquishment deed is, how it is used in property division, and the key aspects you need to know.… Read more
Partition Deeds Unveiled: How Women’s Property Rights Are Defined by HC!
The Bombay High Court has ruled that property received by a woman through a partition deed is not considered inheritance under the Hindu Marriage Act, 1955.… Read more
Lok Adalat: A guide to resolving pending property cases
With a surpassing rate of 6.25 lakh property holders paying tax in 2021, Lok Adalat is the alternative dispute redressal mechanism resolving pending property litigations across cities in India.… Read more