Easy Office
LCI Learning

Purchase deed in case of joint ownership

This query is : Resolved 

25 January 2014 Experts,

Suppose a property is purchased by Mr. and Mrs. X jointly.
My question is, is it possible to execute purchase deed without mentioning percentage of ownership of each ??

Thanks,
CA. Devanand Jethanandani



26 January 2014 my opinion yes if not shown percentage of share . automatic shown 50% each . but misunderstanding partner's . not create doubt so i my opinion mention share % for legal title deed. so many points backs legal created in court if you not write shares of property



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries