Transfer of Property

‘Transfer of property’ means an act by which a living person conveys property, in present or in future, to one or more other living persons; or to himself and one or more other living persons. ‘Living person’ includes a company or association or body of individuals, whether incorporated or not, but nothing herein contained shall affect any law for the time being in force relating to transfer of property to or by companies, associations or bodies of individuals.

As per the Transfer of Property Act, 1882, there are several ways in which a property can be transferred from one party to another. It can be done through inheritance or WILL, through relinquishment of the property in a land, through settlement or partition of properties, through gifts or by purchasing the ownership of the property.

YES. The process of transferring a property from one person to one or more other living persons, a company, an association or body of individuals is generally time consuming. The reason is that the verification and scrutiny of legal documents, preparing relevant deeds, conducting title search of property, obtaining permissions from government departments, streamlining banking procedures, etc does require utmost care and if done hastily, can cause losses to the concerned parties.

The role of a professional law firm like G&K associates is critically important as when we consider the above mentioned job-works required to be fulfilled during the transfer of property, without thorough knowledge and regular practice; an individual/company may find it extremely difficult to firstly coordinate the entire process. The process will also consume more than regular time if not managed & executed by a professional law firm.

Clients seeking consultation regarding a smooth & hassle-free process for ‘Transfer of property’ can contact us on the phone numbers/email-ids provided in the ‘Contact US’ section or can also click on ‘Request Consultation’ tab. The timings for appointments is also mentioned in the same.