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Procedure for nomination in property and document required for it
29-Mar-2023 (In Property Law)
hello sir/mam we have family property in malad i want to know whats the process of nomination in propertywhat documents i have to give ?? suggestion please
Hii,
I assume that your query is in respect to properties in a co-operative housing society. For nomination you will be required to file nomination forms that are available with the society. Let me make it clear that nomination in any form will not entitle the nominee, a title to the property. The Title to the property will be governed by the laws of succession applicable as per your religion. A nominee will only be like a custodian of the property to administer and manage the property and will always be liable to the legal owner/legal heir of the owner, as the case may be.
I assume that your query is in respect to properties in a co-operative housing society. For nomination you will be required to file nomination forms that are available with the society. Let me make it clear that nomination in any form will not entitle the nominee, a title to the property. The Title to the property will be governed by the laws of succession applicable as per your religion. A nominee will only be like a custodian of the property to administer and manage the property and will always be liable to the legal owner/legal heir of the owner, as the case may be.
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Adv. Rushil Aiya
Mumbai | 100+ Answers
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How do you transfer property to nominee after death?
You can apply for a change of ownership in the name the legal heirs. In some cases you may also be required to obtain an Succession Certificate by the civil court. The property can then be transferred into the names of the legal heirs after completing the necessary legal formalities.
What if there is no nominee in property?
The Hindu Succession Act states that if there is no will, or no legal heirs, then the property will be distributed equally according to the following principles: Equal distribution between all Class 1 heirs. If there are no Class 1 heirs then the property will be distributed equally amongst all Class 2 heirs.
How do you appoint a nominee for a property?
How to nominate property. After the registration, you will be the sole owner. You can then execute a Will in favor of the person who you wish to make a nominee. It would then come into effect if you were to suffer an unfortunate event.
How do I register a nominee?
The DPs website has a nomination form that can be downloaded. Individuals must provide their personal information as well as the demat account number. The nominees information should include his name, address, date of birth and any relationship he may have with the account owner. 02-Oct-2023
Dear sir
This is a incomplete question. The nomination process depends upon the property that you have. If its a flat then you will have to give a application to the co-operative society, its a land then you cannot nominate someone you would either have to execute a gift deed or make a will
Plz complete the question with the following details only then i would be able to help you
This is a incomplete question. The nomination process depends upon the property that you have. If its a flat then you will have to give a application to the co-operative society, its a land then you cannot nominate someone you would either have to execute a gift deed or make a will
Plz complete the question with the following details only then i would be able to help you
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Adv. Raunak Rane
Pune | 25+ Answers
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