Can a property which is under a loan liability be donated
26-Jan-2023 (In Property Law)
The property is clearer, The home loan is up to the next 14 years. Can a property be donated?
If there is an agreement between the creditor and the borrower that the property is mortgaged against the loan provided, then no third party right/interest can be created in respect of the said property without the consent of the creditor. Donation creates third party (donee) right in the property.
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