Property Knowledge | Can ancestral property be sold without the consent of the heirs? Know the rules
Property Knowledge | Having disputes with parents over property is not a new thing. Nowadays, there are property disputes in every second or third house. In such cases, most of the issues are related to ancestral property. There are some legal provisions regarding ancestral property, about which people still have very little knowledge. Today, through this article, we will learn about what are the legal provisions of ancestral property and which member of the family has the right to sell the ancestral property.
In many cases, property disputes are resolved without any legal intervention, while in some cases, the cases reach the court. The desire to get possession of the property makes many people so blind that differences arise between father and children.
Who has the right to sell ancestral property?
Due to lack of knowledge of rules and laws, property matters become complicated and get stuck in legal matters. Therefore, it is important for people to understand the rules and laws related to property. Today in this news we will tell you how and with whose permission ancestral property can be sold.
Rules for selling ancestral property No person is allowed to sell family property as the property is in his name. Four generations of the family have a claim, such property is called ancestral property. If such property is to be sold, the individual consent of any one person will not be enough and it cannot be sold on the basis of the decision of partial owners. According to the law, the consent of every shareholder related to it, including daughters, is required to sell the family property. Only after the consent of all the parties is shown, the family property can be sold as per the legal process.
What will happen if ancestral property is sold without consent?
If ancestral property is sold with the consent of a single person, then legal recourse can be adopted in this case. According to the law, if ancestral property is sold without the consent or consultation of the concerned parties, then other concerned parties can send a legal notice regarding the sale of this property. This can also cancel the sale of the property.
Disclaimer: This article is for information only. It should not be considered as investment advice in any way. Investing in the stock market is based on risk. Before investing in the stock market, definitely consult your financial advisor.
PC:Maharashtranama
