Nominee is not sole heir of the property

Nominee is not sole heir of the property explains Adv. R. P. Rathod.

A nominee of a property in a housing society does not automatically become the absolute owner of the property after the death of the original owner, the Bombay High Court has ruled in an important order.

Delivering the verdict in a legal battle that has dragged on for over 29 years, Justice A P Deshpande said it would be the personal law of an individual that would determine the successor to the property and not the nomination under the Maharashtra Co-operative Societies Act, 1960.

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Different modes of Transfer of Property

Conceptually, 'transfer of a property' means the transfer of rights, title, interest and capital of the immovable property. Transfer of flats can be affected by any one of the following modes:

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