Section 8 of Transfer of Property Act, 1882 outlines the operation of transfer. Let’s delve into its essence:
Operation of Transfer: Unless a different intention is expressed or necessarily implied, a transfer of property immediately conveys to the transferee all the interest that the transferor is currently capable of passing in the property and its legal incidents.
These legal incidents include:
For
land: The
easementsattached to it,
rents, and
profitsaccruing after the transfer, as well as all things
attached to the earth.
For
machinery attached to the earth: The
movable partsthereof.
For a
house: The
easementsattached to it,
rentaccruing after the transfer, and items like
locks,
keys,
bars,
doors, and
windowsprovided for permanent use with the house.
For a
debtor other
actionable claim: The
securitiesrelated to it (except when they also pertain to other debts or claims not transferred to the transferee), but
not arrears of interestaccrued before the transfer.
For
moneyor other
property yielding income: The
interestor
incomeaccruing after the transfer takes effect.
This is all about
section 8 of TPA.
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What is Section 8 of Transfer of Property?
Rameshwar
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2024-01-03T15:24:26+00:00 2024-01-05T15:21:26+00:00Comment
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