This is an interesting question. I am sure many people like you who live in a housing society will have similar queries. Well, to let you know can a housing society member sell part of the flat, I must remind you that in a housing society, you have to abide by the bye-laws of the society and state. You cannot function upon your whims and wishes. It is important that you abide by all the rules and regulations. Let me clarify all your doubts on the matter that you’ve brought up.
Consult experts at NoBroker to know can a housing society member sell part of the flat. Opt for NoBroker seller plans to sell your flat with ease.Is there any bar to sell a part of flat?
No, you could easily sell your share of the property to a buyer who is prepared and willing to buy. It is possible if your part of the property or your section of the property is already defined. You must possess valid and transferable ownership of your part of the flat. You just need to consider if you have bought the flat jointly with someone or separately. And if the apartment is owned by every one of them, it will be acquired by their respective legal heirs.
The legal heir of any of the joint title holders of the apartment may sell their unpartitioned, undivided portion of the acquired part of the flat to the buyer. It is possible when the portions of the apartment were acquired under joint names. You can lawfully transfer to the buyer your portion of the aforementioned property, You won't likely face any further legal issues as a result of doing so.
What guidelines apply to the transfer of apartments?
The member must have lived in the specified apartment for a full year before it may be transferred to another.
The mentioned restriction does not apply to members who acquire ownership through a court order.
The organisation must get written notice 15 days in advance from anyone planning to move out of their apartment.
The application must provide a good cause in order to transfer a flat.
The transfer premiums entry price and transfer charge, as well as documents from both sides, are necessary.
You must have understood can a housing society member sell part of the flat.
Read More: Can you sell a flat which is 30 years old? Can an associate member be a part of housing society? How to sell the flat in joint name after divorce and change the name?Your Feedback Matters! How was this Answer?
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Can a housing society member sell part of the flat?
Usha
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2022-11-18T17:08:29+00:00 2022-11-24T11:32:27+00:00Comment
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