×

quesDevelopment agreement involves minor cum GPA

I purchased a residential apartment . the distribution is done between 2 brothers among them one of whom is a minor ( 16 years when the GPA is done). When i approached the bank they rejected the loan saying that the GPA is invalid as a minor is involved in it. The minor who is involved attains 18 years on 2nd June 2014. Is it advisable to go for the property?

  • ansThe property of a minor cannot be disposed of in this way. Get the agreement thoroughly checked by your lawyer to ascertain if the ownership rights will stand transferred to you or not.

  • Apply For Legal Heir/Succession Certificate With Expert Lawyers
    Know More

    Click here to see all Property Legal Services
  • Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at LawRato.com and has been responded by one of the Property Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or book a Detailed Consultation with a Lawyer of your choice to address your query in detail.
  • Related Articles

Consult best Property lawyers in India

Similar questions

I have 3 rooms in a building in Burrabazar (Kolkata) which is under Calcutta High…
Since we live in new Delhi., We have our parental property in forbesganj , Bihar…
Captured my deceased neighbours property and did costruction close to my house I have all…
I am going to sell my house. Kindly tell me, what all types of taxes…

Property Lawyers in India

Advocate Arjun Vinod Bobde

  Supreme Court of India
 Experience: 16 years


Advocate Prashant Mendiratta

  Lajpat Nagar 4
 Experience: 24 years


Advocate Prabhjit Jauhar

  Connaught Place
 Experience: 20 years


Advocate Jaspreet Singh Rai

  Greater Kailash 1
 Experience: 14 years


View all >>