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
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
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