Joint Family Property


Joint Family Property:

A joint family or coparcenary property is liable to be partitioned, whereas there can be no question of partitioning the separate property of a member of a joint Hindu family. No coparcenter can alienate his undivided interest in a coparcenary by sale or mortgage, without the consent of the other coparceners. 

What is joint family property under Hindu law?

A Hindu joint family consists of lineal descendants of a common ancestor. In other words, a male head and his descendants, including their wives and unmarried daughters. A coparcenary is a smaller unit of the family that jointly owns property.

How do you split joint family property?

A property within a Hindu Joint Family is partitioned according to the Hindu Succession Act, 1956. White the division of Jointly-owned property by two or more co-owners is according to the Hindu Undivided Family (HUF) and the Hindu Partition Act of property,1892.

Comments

Popular posts from this blog

Inherited property

Difference between leasehold and freehold property

Distributive Property Of Equality