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JOINT TENANCY VS. TENANCY IN COMMON: KEY DIFFERENCES IN INDIA When it comes to co-ownership of property in India, two common legal frameworks are Joint Tenancy and Tenancy in Common. Understanding the distinctions between these two types of ownership is crucial for anyone involved in real estate, whether as a buyer, investor, or heir. This […]
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COOPERATIVE HOUSING SOCIETIES: STRUCTURE AND FUNCTIONING Cooperative Housing Societies in India: Structure and Functioning Cooperative Housing Societies (CHS) play a vital role in the housing sector in India, providing a collective platform for individuals to own and manage residential properties. This article explores the structure and functioning of CHS, highlighting key aspects of their organization
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CONDOMINIUM OWNERSHIP: RIGHTS AND RESPONSIBILITIES Condominium Ownership: Rights and Responsibilities in India Condominium ownership is a popular form of property ownership, especially in urban areas of India, where land is scarce, and housing demand is high. It offers a way for individuals to own their residential units within a larger complex while sharing ownership of
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CO-OWNERSHIP OF REAL ESTATE: TYPES AND LEGAL IMPLICATIONS Co-Ownership of Real Estate in India: Types and Legal Implications Co-ownership of real estate is a common scenario in India, where two or more individuals hold joint ownership of a property. Understanding the various types of co-ownership and their legal implications is crucial for anyone involved in
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UNDERSTANDING LIFE ESTATES IN REAL PROPERTY Understanding Life Estates in Real Property in India A life estate is a legal arrangement in real property that grants an individual the right to use, occupy, and derive benefits from a property for the duration of their life. In the context of Indian law, life estates are governed
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MULTIPLE-CHOICE QUESTIONS- INTEGRITY AND FAIRNESS- REMUNERATION AND COSTS- OCCUPATION, EMPLOYABILITY AND RESTRICTIONS- BUSINESS ETHICS What is the primary role of integrity in a professional setting? a) Maximizing profit b) Maintaining consistency in actions and values c) Following orders blindly d) Ignoring conflicts of interest Answer: b) Maintaining consistency in actions and values Which of the
HOW TO DO STAGE VALUE OF A FLAT Approximate Stage Cost of a Flat at Different Stages of Work The following table outlines the percentage of total construction cost attributed to various stages of work for a flat. This calculation excludes the cost of the undivided share of land. If the Flat is on the
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MODERN INTERPRETATIONS OF ECONOMIC RENT Modern Interpretations of Economic Rent in India Economic rent is a key concept in economics that refers to the payment made for the use of land or other natural resources over and above the cost of production. In the modern context, the interpretation of economic rent has expanded beyond its
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AIR RIGHTS AND SUBSURFACE RIGHTS IN REAL ESTATE Air Rights and Subsurface Rights in Real Estate: A Comprehensive Overview Introduction In India, real estate ownership typically includes not just the land itself but also the rights to the space above and the subsurface below it. These are known as air rights and subsurface rights, respectively.
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THE ROLE OF TRUSTS IN REAL ESTATE OWNERSHIP The Role of Trusts in Real Estate Ownership in India Trusts have played an increasingly significant role in real estate ownership in India, particularly in estate planning, asset protection, and wealth management. A trust is a fiduciary relationship in which one party (the trustee) holds legal title
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OCCUPANCY RIGHTS: TENANT VS. OWNER OCCUPANCY Occupancy Rights in India: Tenant vs. Owner Occupancy Occupancy rights in India are a significant aspect of property law, impacting both tenants and property owners. Understanding these rights is crucial for both parties to ensure they are legally protected and can avoid potential disputes. Below is an in-depth analysis
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SQUATTER’S RIGHTS AND ADVERSE POSSESSION IN INDIA Squatter’s Rights and Adverse Possession in India Introduction Squatter’s rights and adverse possession are legal doctrines that allow a person to claim ownership of land under certain conditions. In India, these concepts are rooted in the principle that land should not remain idle or unused. The doctrine of
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