There is no mention of gifting a mortgaged property in a gift deed. However, you can gift your mortgaged property to anyone after clearing the dues. If you want to gift the mortgaged property, even if there are dues, then the receiver would also have to take the burden to clear the due for the property. The receiver can only benefit from the gifted property only after all the dues are cleared.
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There is no mention of gifting a mortgaged property in a gift deed. However, you can gift your mortgaged property to anyone after clearing the dues. If you want to gift the mortgaged property, even if there are dues, then the receiver would also have to take the burden to clear the due for the property. The receiver can only benefit from the gifted property only after all the dues are cleared.
Check out NoBroker Legal services to verify property title, draft sale agreement, deeds, property registration and more
Can a gift deed be done on the mortgaged property without removing the mortgage?
Rajeshwari
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2 Year
2023-06-05T09:30:05+00:00 2024-06-19T12:19:16+00:00Comment
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