Is buying a flat or property on occupancy agreement in the name of deceased parent safe?

Question asked by Ms. Aarti Prajapati from India:
Dear Sir/Madam, In 2006 we bought a flat on occupancy agreement (kabja karar) named and signed by my mother who died in 2009. Is our interest and occupancy safe? Your advice please.
Thanks
Aarti

Vatsala Answers:
I need to understand what you mean by occupancy agreement. Is this for a specific period of time? Or is it an agreement to purchase with possession? If it is the later, the legal heirs of the deceased mother can take the conveyance of the property from the original land owner based on the previous agreement. Even if it only a right to occupy, the same principle will apply. The legal heirs of the deceased steps into her rights and obligations as far as third parties are concerned.
Vatsala

http://www.atoneplace.com
http://www.hotdeals.atoneplace.com
http://www.legalcorner.atoneplace.com

Popularity: 15% [?]

Save for future, Share and Enjoy:
  • Print
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks
  • BlinkList
  • blogmarks
  • Blogosphere News
  • Diigo
  • email
  • FriendFeed
  • HelloTxt
  • IndianPad
  • LinkedIn
  • Live
  • MSN Reporter
  • MySpace
  • PDF
  • Reddit
  • RSS
  • StumbleUpon
  • Technorati
  • Wikio
  • Yahoo! Bookmarks
  • Faves
  • Linkter
  • Twitter

Recently:

View also in

Indian Real Estate

Is buying a flat or property on occupancy agreement in the name of deceased parent safe?
Question asked by Ms. Aarti Prajapati from India: Dear Sir/Madam, In 2006 we bought a flat on occupancy agreement (kabja karar) named and signed by my mother who died in 2009. Is our interest and occupancy safe? Your advice please. Thanks Aarti Vatsala Answers: I need to understand what you mean by occupancy agreement. Is this for a specific period of time? Or is it an agreement to purchase [...]

NRI Related

Can one repatriate money back to US if in case he has not registered the property in his name?
Question asked by Karan Chandran from USA: Hello, I am an NRI(Indian Citizen – US Green Card Holder) living in the United States. I am in the process of buying a flat with a builder in Bangalore. I have paid about 80% of the flat’s price so far. The price of the flat is around 58 Lakhs + Registration (around 5 lakhs) + Car Park + [...]

Taxation

Can a piece of land be converted to other zonal uses?
Question asked by Mr. Sreenivas from Bangalore, Karnataka: Dear Sir/Madam, I have few points would like your response and appreciate for the answers. 1. I have land near Bangalore, Hoskote Taluk (1.75 acres). Can I convert this land? 2. I have fenced the land and not growing anything for now; is it an offence not to grow anything? 3. The main land was divided into two [...]