Selasa, 31 Januari 2012

Joint Ownership Of Property

When two or more persons have common ownership of a property, it is termed as coownership. In case of a coparcenary, the male members and daughters have a common and equal interest in ancestral property. Any co-owner can transfer his own share in the property to a stranger or another co-owner, and the transferee steps into the shoes of the coowner. The transferee therefore becomes a co-owner.
'Co-owner' refers to all the owners of a property. If a property is owned by more than one person,

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