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Property Split/Succession Documentation
01-Feb-2023 (In Property Law)
Wanted to check if there's a way to split the property legally based on the amount paid to purchase. My brother paid 25% and I paid the rest, to make sure there are no future issues I wanted to see if we can create papers to legalize that for future disputes/succession.
Hello, I have perused your query. In these circumstances you have an option to make a memorandum of settlement(MOS)in this regard specifying shares of both parties to it.
Further, such an agreement or MOS can be registered.
If the property referred to above is unpartitoned then a family arrangement can be reached to avoid any further dispute.
For any further assistance feel free to reach out to us.
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Adv. Love Kumar Soni
Goa | 400+ Answers
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You can get a family settlement agreement executed, signed and notarised which shall become a legal document for all your future endeavours and shall be a solid proof.
The family agreement can contain all such details qua partition, shares, of every property or qua a specific property.
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Adv. Apoorva Kumar
Delhi | 25+ Answers
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