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Transfer of Property - Short Q & A
Transfer of Property - Short Q & A
Transfer of Property - Short Q & A
In summary, riparian rights ensure that landowners adjacent to water bodies can
enjoy reasonable access and use of the water while considering the rights of
others in the area
Q4. What is meant by Constructive Notice ? A09, N13, A14, N14, A15, M17,
Ju18,M19
Constructive notice in property law refers to the legal presumption that
individuals have knowledge of certain facts or legal rights based on the
information available in public records or documents. For example, when a
property is registered in a public registry, individuals are deemed to have
constructive notice of the information contained in that registry, even if they do
not have actual knowledge of it.
Q6. Define Sale under the Transfer of Property Act ? N09, A11, A15, N22
A sale under the Transfer of Property Act involves the transfer of ownership from
the seller to the buyer in exchange for a price paid, promised, or a combination of
both. This legal concept is defined in Section 54, emphasizing the completion of
the sale when ownership is effectively transferred for the agreed-upon
consideration.
Q7. What is Exchange under Transfer of Property Act ? N09, A11, A12, N12,
A14
Under the Transfer of Property Act, "exchange" refers to a mutual transfer of
properties between two parties. In an exchange, both parties transfer the
ownership of one property for the ownership of another, and the transfer is
usually based on mutual agreement.
According to Section 118 of the Transfer of Property Act, for an exchange to be
valid, it must involve a mutual transfer of properties and the properties being
exchanged must be of the same nature or character. The parties involved in the
exchange are called the "transferors" and the "transferees."".
When two persons mutually transfer the ownership of one thing for the ownership
of another, neither thing or both things being money only, the transaction is
called an 'exchange'.
a. Things Rooted in Earth: This category includes trees, shrubs, and similar
vegetation. However, it specifically excludes standing timber, growing
crops, and grasses. Essentially, anything that grows from the ground and
remains rooted there falls under this definition.
b. Things Embedded in Earth: This encompasses structures or objects that
are imbedded in the soil. Examples include walls and buildings. These are
permanent fixtures attached to the land.
c. Things Attached to What Is So Embedded: This refers to items that are
connected to something already embedded in the earth. For instance, if a
fixture (like a light fixture) is attached to a building, it becomes part of the
immovable property.
An easement is a legal right that allows the owner or occupier of one piece of land
to use some other land (not their own) for the beneficial enjoyment of their own
property. Let’s delve into the essentials of easements:
Dominant and Servient Heritage:
1. For an easement to exist, there must be two distinct properties:
a. Dominant Heritage: The land for which the easementary right exists.
b. Servient Heritage: The land upon which the liability is imposed to do or
prevent something for the benefit of the dominant heritage.
2. These two properties cannot be the same; they must be separate entities.
Examples of Easements:
1. Right of Way: Imagine ‘P’ owning a house and having a right of way over 'Q’s
adjacent house to access the street.
2. Right to Discharge Rainwater: Ensuring rainwater flows from one property to
another.
3. Right to Sunlight: Preventing obstruction of sunlight from neighboring land.
Acquisition of Easements:
1. Express Grant: Easements can be explicitly granted through deeds, mortgages,
or other forms of transfer.
2. Easement of Necessity: When an owner or occupier cannot use their property
without exercising the right of easement over another’s land.
3. Co-ownership: Easements can also be acquired by co-owners.
Remember, an easement cannot be acquired from one’s own property; it must involve
a separate piece of land
Here are some key points about attestation under the Transfer of Property Act:
Q39. When is the direction for accumulation of income arising from the
property is void ? A09
The direction for the accumulation of income arising from property is void under
the Transfer of Property Act in India if it exceeds the legal limit of eighteen years
for accumulation, is contrary to public policy, or directs accumulation for the
benefit of a person in being who is not within the specified categories, such as a
minor. These restrictions aim to ensure lawful and legitimate purposes for income
accumulation and protect the interests of those involved.
Life of the transferor or period of 18 years from the date of transfer (whichever is
longer).
Q40. Lay down one important difference between mortgage and lease ?
A09,A11, J19,
One significant difference between a mortgage and a lease is the nature of the
property interest involved. In a mortgage, the property owner (mortgagor) grants
a security interest in the property to a lender (mortgagee) to secure a loan, while
ownership remains with the mortgagor. In contrast, a lease involves the transfer
of a possessory interest, where the landlord (lessor) grants the right to use the
property to a tenant (lessee) for a specified period in exchange for rent, but
ownership remains with the landlord
Q58. What is the difference of Actual Notice and Constructive Notice ? N12
actual notice involves direct knowledge, while constructive notice involves legal
assumptions about what someone should have known based on the information
available in public records
Q59. Distinguish between easement under English Law and profit a pendre ?
J19
Distinction Between Easement and Profit a Prendre (i) An easement confers
merely a convenience to be exercised over the neighbouring land without any
participation in the profit of it. If accompanied with participation in the profits of
neighbouring soil, they are known as profit-a-prendre.
Q62. State any two difference between conditional precedent and conditional
subsequent ? A11
A condition subsequent is a philosophical and legal term referring to a defined
event which terminates a proposition or a contractual obligation. In contrast to a
condition precedent, a condition subsequent brings the event (or obligation) to an
end, rather than being necessary for to the event or obligation to occur.
Q64. What is the exception to the rule that restriction on alienation is void ?
A11
Whenever any property is transferred which absolutely restrains transferee from
disposing of his interest then such restrain would be considered as void. However,
there certain exceptions to rule of restrain on alienation. Exceptions are n the
favor of lessor ( LEASE) and other in the favor of married woman .
Q75. Give one instance where the mortgagee has a right to sue for mortgage
money ? N11
The mortgagee has the right to sue for mortgage money when the borrower
defaults on repayment, and the mortgage agreement includes an acceleration
clause allowing the lender to demand immediate payment of the entire
outstanding loan amount. In such cases, the mortgagee can initiate legal
proceedings, including foreclosure, to recover the unpaid mortgage money by
selling the mortgaged property.
Q76. When can a gift be revoked ? N11, A12, N12, M17, D19
The period of limitation for the revocation of gifts on the ground of fraud,
coercion, misrepresentation or undue influence is three years from the date on
which such facts are known to the plaintiff (donor)The right to revoke the gift on
the above mentioned grounds is lost when the donor ratifies the gift either
expressly or by his conduct.
Dominant Heritage:
The dominant heritage refers to the property that benefits from the easement. In
the context of an easement, the land that enjoys the right to use the easement is
called the dominant tenement or dominant estate. This property benefits from the
easement, and the owner holds the dominant heritage in relation to the
easement.
Servient Heritage:
The servient heritage refers to the property that is burdened by the easement. In
other words, it is the land over which the easement right is exercised. The
servient tenement or servient estate is subject to the easement for the benefit of
the dominant tenement.
In summary, the dominant heritage is the property that benefits from the
easement, while the servient heritage is the property over which the easement
right is exercised. Easements create a legal relationship between these two
properties, allowing for specific uses or privileges granted to the owner of the
dominant tenement over the servient tenement.
Q81. Define immovable property with two examples of what are not
immovable property ? A13,N13,
Also, those things that are attached to the earth or fastened to some other thing
that is attached to the earth are also included under the category of immovable
properties. However, growing crops, grass and standing timber are not
considered under the category of immovable properties.