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Ownership in a new flat
30-Aug-2023 (In Property Law)
I am Hindu and own 1bhk flat joint owner being wife. My son (married) wants to buy a two bhk flat and wishes that this flat be sold and he would take a home loan for the difference . I wish to be a joint owner in the new flat. Please advise how do we go about
This is my response to you:
1. Make a MOU of the same so that it binds both the parties;
2. You can also lay down the terms and conditions of the MOU as per your wish;
3. Take the home loan on joint name;
4. If you are above 60 years your son is obligated by law to maintain you and you need not worry about being evicted from the house.
1. Make a MOU of the same so that it binds both the parties;
2. You can also lay down the terms and conditions of the MOU as per your wish;
3. Take the home loan on joint name;
4. If you are above 60 years your son is obligated by law to maintain you and you need not worry about being evicted from the house.
Helpful?
Adv. Gowaal Padavi
Mumbai | 500+ Answers
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