Is it possible to gift a property through a gift deed, even if it has existing liabilities like a home loan?

Apni Law
Apni Law
Law Forum › Category: Documentation › Is it possible to gift a property through a gift deed, even if it has existing liabilities like a home loan?
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Apni Law Staff asked 2 years ago

Is it possible to gift a property through a gift deed, even if it has existing liabilities like a home loan?

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Apni Law Staff answered 2 years ago

Yes, it is possible to gift a property through a gift deed even if it has an existing home loan. However, the recipient of the gift will inherit the liability of the home loan along with the property. The lender’s consent may also be required for the transfer of the loan.

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Previous Article My case under Section 138 is ongoing in the magistrate’s court. The complainant claims I bought goods from him and presented carbon copies of bills with my signature. I appealed to the Bombay High Court, arguing that the original bills were missing. The High Court ruled that the complainant must provide the originals to help handwriting experts determine authenticity. But now, the complainant claims he doesn’t have the original bills. Will the case be dismissed?
Next Article Dear LR Team, I’m writing to seek clarification on a matter that isn’t covered in your website’s blogs or FAQs. I’m buying a resale apartment in a society registered under the Karnataka Apartment Ownership Act. The association has demanded and collected a transfer fee, citing their registered bye-laws. However, I understand that this fee is usually levied by cooperative housing societies, who handle title documentation. In group housing societies, this responsibility falls on the authorities and the Registrar. Could you please clarify if this transfer fee is legally valid in my case?

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