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Legal Formats Property Law

DEED OF GUARANTEE

THIS DEED OF GUARANTEE executed on the day of Two Thousand: BY : (hereinafter referred to as the “FIRST PARTY”, which expression shall, wherever the context so requires or admits, mean and include, his heirs, executors, administrators and assigns). IN FAVOUR OF : (Here in after referred to as the “SECOND PARTY”, which expression shall, […]

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Legal Formats Property Law

DEED OF EXCHANGE

This DEED OF  EXCHANGE is made and executed at ______ on this _______ day of ______________, Two Thousand _______ BETWEEN ………. ,PAN NUMBER……….,EPIC/Passport /OCI/CIO/PIO No………., Adhar No………..  son / wife  / daughter of    ……….  residing at ……………..by faith…………… , by Occupation …………. , by Nationality………………., Herein after referred to and called as the “FIRST PARTY […]

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Legal Formats Property Law

DEED OF INDEMNITY

DEED OF INDEMNITY made at Mumbai this ____ day of __________ by (1)______________________, (2) ________________, (3) ____________________ and (4) __________________ of Mumbai hereinafter called “the Obligors” (which expression shall unless it be repugnant to the context or meaning thereof mean and include their heirs, executors and assigns). IN FAVOUR OF (1) ____________(2) ________________(3) ________________ (4) […]

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Legal Formats Property Law

Deed of Mortgage by Conditional Sale

This Deed Of Sale made is at… this … day of… between Mr. A residing at … hereinafter referred to as the Vendor, of the One Part, and Mr. B residing at … hereinafter referred to as the Purchaser of the Other Part. Whereas the Vendor is seized and possessed of or otherwise well or […]

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Legal Formats Property Law

Deed of Conveyance of a Part of The Building

This Deed of Conveyance (or Transfer) is made at ……. this day of ……. between Mr. A of ……. hereinafter referred to as the Vendor of the one Part and Mr. B of ……. hereinafter referred to as the Purchaser of the other Part. Whereas the Vendor is absolutely seized and possessed of or otherwise […]

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Legal Formats Property Law

AGREEMENT FOR SALE

THIS AGREEMENT FOR SALE is made and executed on this the____________ day _____________ of ___________, 200- BETWEEN Mr. ____________s/o. ____________ aged_________________ years residing at _____________Hereinafter called “The SELLER” (which expression shall mean and include her legal heirs, successors, successors-in-interest, executors, administrators, legal representatives, attorneys and assigns) of ONE PART. AND Mr. ______________ s /o __________ […]

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Legal Formats Property Law

Agreement to Lease of a Long Period

Agreement To Lease is made at ……. this …….. day of … …. between Mr. A of ……. hereinafter referred to as ‘the Lessor’ of the One Part and Mr. B …….. of ……. hereinafter referred to as the ‘Lessee’ of the Other Part. Whereas the Lessor is absolutely seized and possessed of or otherwise […]

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Legal Formats Property Law

Agreement form between Owner and a Builder for Construction of the Building

This Agreement made at ………………….. on this ………….  day of   ………………2000, between Shri…………………… S/o …………………. resident of …………………………  (hereinafter called ‘the owner’ which expression shall unless repugnant to the context or meaning thereof, be deemed to include his heirs, legal representatives, executors and administrators) of the ONE PART and M/s ABC Builders & Contractors, a […]

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Legal Formats Property Law

Deed of Conveyance of the Reversion

This Deed of Conveyance is made at … this … day of…between Mr ‘A’ of… (hereinafter referred to as the ‘Vendor’) of the One Part and Mr. ‘B’ of … (hereinafter referred to as the ‘Purchaser) of the Other Part Whereas the Vendor is absolutely seized and possessed of or otherwise well and sufficiently entitled […]

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Legal Formats Property Law

Agreement for Sale of Mortgaged House

This Agreement made at ……………………. on this …………… day of ………………., 2000, between A, son of …………………. resident of …………………. (hereinafter called the vendor) of the FIRST PART, B, son of………………….. resident of …………………………… (hereinafter called the purchaser) of the SECOND PART and C son of ………………… resident of………………………………… (hereinafter called the mortgagee) of the THIRD […]

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Property Law

Critical analysis of Partition under Hindu law

Introduction:  In terms of Law, Partition means the division of property into two or more parts among the Joint Hindu Family where it provides separate conferment of status on the undivided coparceners. If there is a single or one coparcener, then no partition is possible in a Joint Hindu Family. A coparcener is an individual […]

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Property Law

Why do You Need a Property Lawyer Before Buying a Property in Kolkata and West Bengal?

For people in general buying a real estate property usually involves years of savings, planning and their dreams. Hence it’s really important for the buyer to know all the legal procedures for a peaceful possession. He must be very mindful of the threats involved in the property buying process. To protect his interests as a […]

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Property Law

Concept of Property and its Related Topics

Meaning and Concept of Property: The term property has different meanings that is the word property is used in numerous senses in general. Anything available in the surroundings may be categorised as property. Each and every objects which has some value for human beings which may be tangible or intangible is termed as property. The […]

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Property Law

Jurisdictions of Civil Court and Place of Suing

Meaning of jurisdiction: In simple terms, Jurisdiction is the power of the court to take cognizance of an offence and determine the cause of action. Jurisdiction is decided mainly on the basis of: – Pecuniary value Local limits of Court The subject matter of Court Thus, the Court before taking the cognizance of an offence, […]

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Property Law

How RERA is Beneficial to its Stakeholders: Home Buyers, Builders, and Government

The Real Estate (Regulation and Development) Act, 2016 (RERA) the landmark legislation, came into existence in order to boost investments and to protect and safeguard the interest of homebuyers against the unfair trade malpractices of the builders.The key objective of the Act is to bring greater transparency, accountability, financial discipline, speedy redressal of disputes and […]

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Property Law

Mutation Process of Real Estate Properties in West Bengal And Kolkata

When a property or landis transferred or sold to the buyer, the buyer needs to initiate the mutation process in order to change the title ownership from the seller to his name. This process is necessary to ensure that the immovable asset is now recorded on the new owner’s name in the land revenue department […]

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Property Law

Is It Safe to Buy Bank Auction Properties in West Bengal and Kolkata?

Bank Auctions are generally a little laborious process. Agents are recently controlling this process and customers end up paying hefty commission in cash. Although an expert property lawyer will never advise an investor to pay in cash during any property transaction process,but people generally tend to overlook the risks involved with a desire to buy […]

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Property Law

How to file a partition suit in West Bengal and Kolkata?

What is a Partition suit? A partition suit is a proceeding instituted by a coparcener when a property dispute arises in the family or when there is absence of mutual consent among the multiple owners of the real estate in the sale or division of the property. This suit is initiated only when the legal […]

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Property Law

Concept of Mortgage Deed in India

Introduction: The concept of Mortgage and its relevant topics come under Section 58 to 104 of the Transfer of Property Act, 1882. In simple terms Mortgage means the transfer of interest of the property to secure the loan advanced or to be advanced in the future. Actually, an individual mortgage a property to take loan […]

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Investment Law Property Law

What are the Tax Benefits for Home Loan in West Bengal for 2021-2022?

Taking a home loan to buy your dream house in West Bengal? There isgood news for all new home buyers. On 1stFebruary 2021, in Union budget 2021the Finance Minister Nirmala Sitharamanhas extendedthe deadline till 31st March 2022 for availing Income Tax deductions on payment of interest on home loans. In the previous budget, the government […]

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Property Law

Property Will Rules and Regulations for Muslims in West Bengal and Kolkata

With the help of a Will or Wassiyat, a Muslim person in West Bengal and Kolkata can determine how his property will be distributed among the successors after his death. According to Section 2 of the Indian Succession Act, 1925, by making a Will, a person can make disposition of his property. The Will comes […]

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Property Law

How to Conduct Due Diligence Before Buying Property in West Bengal and Kolkata?

Planning to invest in real estate? Have you got a clear idea of conducting the due diligence? Here we are going to discuss everything you need to know before the real transaction. Legal Due Diligence is an important step in any real estate transactions. This process involves a thorough assessment of the real estate property […]

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Property Law

Legal Remedies Against Eviction for Tenants in West Bengal and Kolkata

According to Census 2011, a total of 27.37 million rented households are available in India, among these 79.4% or 21.72 million are situated in the metropolitan areas and this is because of the preposterous prices of the properties in the urban areas. While it can be cleared stated that staying in a rented property in […]

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Property Law Property News

Plea before Bombay High Court to Waive Property Tax due to Lockdown

On 25th May 2021 a plea by the Federation of Retail Traders Welfare Association has been filed before the Bombay High Court citing the issues of unemployment, huge loss and financial instability that the retail industry is facing right now due to the COVID 19 pandemic situation and lockdown. Advocates Dipesh Siroya and Jamshed Mistry, […]

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Property Law

General Rules of Succession amongst Hindus

Introduction: The Hindu Succession Act, 1956 governs the Inheritance and Succession amongst Hindus. The law of succession deals with the rules devolution of property in case where a person or individual dies without making a Will. This Act is applicable to all Hindus, incorporates intestate succession and testamentary succession. Applicability of the Hindu Succession Act, […]

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Property Law Property News

Kolkata: Salt Lake Landlords are Requested to Submit Tenants’ Details by the Bidhannagar Police Department

On 27th June 2021, the Bidhannagar City Police have urged the homeowners of the Salt Lake area to come forward and submit their tenants’ and paying guests’ details to ensure the security of the landlords and their families. In the meeting held at the BJ Block community hall on the same day, the cops discussed […]

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Property Law

Meaning and Differences between Temporary and Permanent Injunction

An injunction is a court order, that requires a person to do or abstain from doing an act that is necessary in terms of justice, and the absence of which would be contrary to good faith and good conscience. Basically, the grant of an injunction, aims to restore the violated rights of a party, whereby […]

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Property Law

Title Deed and Sale Deed Differences in West Bengal and Kolkata

Paperwork proving ownership of a specific property is sometimes termed as the Sale Deed. Often people assume that sale deed and title deed are the same thing and use the terms interchangeably. Technically, both the concepts are very different from each other. In this article we will talk about the differences between the two, and […]

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Investment Law Property Law

How to Save Taxes on Property Sale in West Bengal and Kolkata?

As a property owner a person can get an array of benefits. Since the land involved with the property is a Capital Asset and the value of the land keeps increasing everyday, the land works as a mean of safety, security and as an investment avenue. A property owner can earn hugely on the sale […]

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Property Law

Property Rights of Live-In Couples and Their Children in West Bengal and Kolkata

Since the Vedic period, the union of two matured adults of opposite gendershas been considered a blessed bond when the couple gets married following all the rituals. With time the society and human psychology has evolved and so has the definition of marriage. The generation next is handling the concept of marriage and relationship more […]