Nominee vs Legal Hairs – Right To Property
Nominee vs Legal Heirs: Who Really Has Rights to Your Property in a Housing Society?
Understanding the difference between a nominee and a legal heir is crucial, especially during society redevelopment or property transfers.
Nominee: A person appointed by the member to temporarily manage the flat—attends society meetings, pays dues, and ensures smooth operations. Important: They do not own the property and cannot sell, mortgage, or transfer it. Their role ends once legal heirs claim ownership.
Legal Heir: The true owner—inherits property through succession laws or a valid will. They receive full legal rights, can manage, sell, mortgage, or transfer the flat, and are responsible for deciding the property’s future.
Key Takeaway: Nominees ensure smooth management, but legal heirs hold the actual ownership. Knowing this distinction is essential for avoiding disputes, delays, or complications—especially in society redevelopment projects in Mumbai.
(EMD, Corpus Fund, Bank Guarantee, Real Estate Mumbai, Real Estate Tips, Society Redevelopment, Redevelopment Tips, Redevelopment, Mumbai Redevelopment)
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