1. Without the permission of court the minor's property can not be sold after development of the same.
2. No.
3. No
A has a property gifted by his fathers sister and has daughter b. wife c. grand daughter maternal d (minor) babbly daughter in law e married with another girl after b die a died b died c has dispute with e and court given d custody to c c sold her half undivided share of c as property another undivided half share goes to minor d name xyz babbly now c approched me as a natural as guardian of d (minor) to develop d half udivided property as multistorage building along with my purchased property and comes under development agreement with me 64/40 basis. now my question is 1. it is compulsary to take court permission in develop d property as minor property is intact.? 2. after development can builder sale his 60% share without court permission. 3. can bank give loan for development. or morgage the property or bank will morgage half of my property and give loan. PLESAE TELL IF ANY OTHER INFORMATIONS
1. Without the permission of court the minor's property can not be sold after development of the same.
2. No.
3. No
1. You may please be aware that any transaction to the immovable property which involves the minor child's rights/interests need to approach court of law for permission to do such acts.
2. First of all it would be an illegal act to combine this property for joint development without court's permission, hence all such further activities involving the property belonging to the minor child would be considered as an illegal act.
3. The bank lawyer would not recommend loan or mortgage loan to the property involving minor interest.
You need court permission to develop the property
obtain court permission for sale of flats constructed on the proeprty
bank can give loan for mortgage of property if title is clear and marketable
now the mutation is on grand mother name if i hide minor is there any problem in future minor is only 4 years old
If minor child is entitled to a share in the property then for alienating his share in the property it is essential to obtain permission from court or else it would be considered as invalid and illegal.
Dear Sir,
1) You will require the prior permission of court to carry on any development of property if minors rights are attached with it.
2) To sell or dispose off property with minors rights attached guardian will need courts permission.
3) Bank can give loan if the title to the property is clear and does not involve minor rights.
4) Sir if you enter any contract with respect to property that has minors rights attached, such will be voidable at the option of the minor.
Thank you
1. Yes, it is mandatory to take court permission
2. No
3. No, bank can reject the loan.
- The said minor after attaining major can challenge and approach court for his share in the property .
If A has a self accurized property her daughter B died before A . means that time succession not opened then absolute owner is C his wife how D has share i dont think D has any share
The property belonged to A.
A is reported to have died intestate.
Though B died before A, rather predeceased A, B is still considered as one among the legal heirs to the deceased A who is reported to have died intestate.
Thus A's property shall devolve equally on all his legal heirs which includes the legal heirs of the deceased legal heir i.e., D.
Thus D is entitled to half share in the property at par with C.
In fact it was you who had mentioned this law in your first post of this thread, which is absolutely right and proper as per provisions of succession law.
Dear sir,
If it is a seld acquired property, a person can choose whom to give the proerty. in case he dies without the will, His successors can claim the property. Also, in case there is no successor, the wife can claim the property.
IF D is a minor, she can get the after becoming a major. Till she is a minor, the property shall be taken care of by a trustee appointed by the owner of the property who wants to give the property to the minor.