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Does a co applicant for flat become a co owner
13-Jul-2023 (In Property Law)
Meri sister in law ne flat liya hai...co aplicant k rup me meri wife ka naam hai agreement registration me..iska kya matlab hai..kya property me sajhedar...agar aisa hai to ise kis tarah change kiya ja sakta hai taki flat par ownship kewal sister in law kahi ho ?
1) If the property is registered on your joint names you are 50% shareholder in the property and your husband has no right to drive you away from the house.
2) As co applicants you both are equally liable to the bank for the repayment of the loan. Either of you paying more or less will not affect the ownership rights which is equal.
3) In case of separation ask him to pay you 50% or buy it over at the current rate. You can also jointly sell and share the proceeds.
2) As co applicants you both are equally liable to the bank for the repayment of the loan. Either of you paying more or less will not affect the ownership rights which is equal.
3) In case of separation ask him to pay you 50% or buy it over at the current rate. You can also jointly sell and share the proceeds.
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Adv. Siddhant Sharma
Delhi | 500+ Answers
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