Kumar Associates Advocates
advocate
Kumar Associates

TOPICS

AGREEMENTS AND SALE DEEDS

APARTMENTS, TENANTS & RENT

GIFT

HOUSE & HOUSING FINANCE

LAND TRANSACTIONS

NRI & PIO

POWER OF ATTORNEY

REVENUE LAND

STAMP DUTY AND REGISTRATION

TAX

WILL AND SUCCESSION

LEGAL QUESTIONS AND ANSWERS ON HOUSE & HOUSING FINANCE

Q:- Do the financial institutions permit the transfer of loan from one institution to other, and what is the fee charged for such transfer. When it would be better to transfer the loan?

Q:- I am a building contractor. One of my clients, a nationalized bank has included a clause of defect liability in the agreement and also refers to guarantee. Please inform what means by defect liability, guarantee and warranty period?

Q:- I am planning to purchase a Gramathana site situated at layout approved by Horamavu village Panchayat whether Banks provide loans for such sites ?

Q:- My father is 65 years old and owns a property measuring 60x40 in H.S.R. Layout. when we approached the Bank to avail loan for putting up construction over the said property, Bankers say that either I have to be co-owner or the property has to be transferred in my name in order to release loan for construction, keeping into consideration the old age of my father. Whether my father can Gift that property in my favour?

Q:- My sister owns a constructed house for which she availed a loan from Housing finance company.  Since she is going to get married shortly, she wishes to transfer the house to her mother, by way of gift.  Is it possible to give the gift without clearing the loan amount?  If we do so, what will happen?

Disclaimer:

The purpose of this Website www.advocateselvakumar.com is to provide free legal information service on Indian Laws and legal system. It will do its utmost to ensure that the information presented is fully conforms to the requisites of accuracy; however, the possibility of errors or unintentional omissions cannot be excluded. Under no circumstances, www.advocateselvakumar.com (or) its Owner, is liable in any way for damage, loss, prejudice of any nature that the third parties might suffer as a result of contact with this website. www.advocateselvakumar.com does not accept any responsibility for the information created or published by third parties whoever visit, using a link, and they shall be doing so at their own risk and accept that they should take all necessary precautions to protect themselves from computer viruses or similar phenomena. This website does not intend links to other sites and this does not imply an invitation, sponsorship or affiliation with the linked websites. www.advocateselvakumar.com does not guarantee that the information is accurate, comprehensive and useful and is not liable in any way for damage, loss, prejudices of any nature that third parties might suffer as a result of misuse or use of this website, in particular, if caused by errors or omissions. Consequently, whoever use this information shall do so entirely at his own risk and responsibility and no information on this website can be considered or understood in any way as an invitation or incitement or as a means.

facebook twitter linked in
All Rights Reserved. © Copyright 2019 Proinfo Systems Pvt. Ltd.