Can I buy a house in my mother’s name?
Buying property in your mother’s name could now fetch you seven years in jail. … According to the amended Act, you can buy property only in the name of your spouse or in any of your children’s name without being a joint holder. The Act is already being enforced by the IT Department.
Can I purchase a property from my mother?
Yes, son can purchase the property from his mother . There is no bar for such kind of transaction. Son has to take care that will should be registered or there is no objection from other legal heirs.
What if property is on mother’s name?
If the property is of mother and in name of mother it becomes her self acquired Property even if it has been given by father. She has right in the property of father if father dies intestate.
Can I buy a house in my parents name?
Parents will be staying in the property: In this case, the buyer can buy the property in his/her name, and no one is stopping him to allow his parents to stay in his house. In some cases, parents insist inclusion as a co-owner as they fear that maybe in future their child might not allow them to stay in the house. 4.
Who is the owner of property after father death?
After the death of your father, if he died without a Will, then the property will devolve amongst all legal heir. So in case your father did not have a Will, you, your mother and other siblings will be legal heir and the house will devolve amongst four. Both the procedure can be done during the lifetime of your mother.
Can mother buy Daughters property?
1. The property is purely self acquired property of your mother and she is absolute rights and authority to transfer the same to anybody she wish. … Absolutely your mother can sell the property to any body including a child without permission from other kids.
Can mother sell Sons property?
According to Hindu law, if the father is alive, then the mother is not treated as a natural guardian. … If the property inherited from the father is not ancestral, then the mother has no right on the son’s property. She cannot sell it or transfer the property.
Can I buy my father’s property?
– Yes, legally you can buy a property from your father. … – If the said property is mortgaged , then bank will give you a housing loan for the purpose of purchase of the property which will be equal to the agreed-upon purchase price minus whatever down payment you are making to your father.
Who is legal heir for mother’s property?
If the woman inherits property from any relative, be it husband, son, father or mother, she is the absolute owner of her share and can dispose of it. If she makes a will, she cannot give away more than one-third share of her property, and if her husband is the only heir, she can give two-thirds of the property by will.
Can mother give her property to one son?
Your mother is the absolute owner of the property; she can transfer the property as per wish. After her demise you can challenge the will if she execute in favour of your brother alone. If he is not probate the will properly it has only scrap value.
Who is legal heir for father’s property?
According to the Hindu Succession (Amendment) Act 2005, you have the same right over your father’s property as your brothers do. According to the Hindu Succession (Amendment) Act 2005, you have the same right over your father’s property as your brothers.