Nri Legal Services18 Jun, 2024Legal
The title of a property is an ownership certificate. When we transfer the property from the original owner to someone else, there is a change of ownership. The property gets a new owner, and hence the title needs to be changed. The New owner?s name gets substituted for the ex-owner. The transfer of property involves the transfer of a bundle of rights. The new owner gets the right to sell, mortgage, lien, or gift the property. Therefore, there are specific rules to be followed for the transfer of property title in law. Adherence to these rules is a must to ensure that the transfer is valid and legal.
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