CHEQUE BOOK

HT Estates - - HTESTATES - Harsh Roongta

ap­pointed man­ager to do ful­fil such in­com­plete con­tract. The man­ager is bound to act ac­cord­ing to the di­rec­tions of the court that ap­pointed him. How­ever, a man­ager can only man­age the in­di­vid­ual prop­erty of the men­tally chal­lenged per­son and canot be ap­pointed for joint fam­ily prop­erty.

To sum up, any sale of prop­erty which be­longs to a per­son who has men­tal ill­ness is per se illegal. The men­tally in­firm per­son is un­able to un­der­stand it and is in­ca­pable of form­ing a ra­tio­nal judge­ment about how it would af­fect his in­ter­est. Any con­tract with re­spect to such a prop­erty can be en­tered into by the man­ager who has been duly ap­pointed and given di­rec­tions by the dis­trict court for the same. It is manda­tory to ob­tain the or­der of the con­cerned dis­trict court be­fore I had taken a hous­ing loan for build­ing the first floor of the house. I am cur­rently re­sid­ing in the ground floor. Am I el­i­gi­ble for HRA ben­e­fit from my salary and the ben­e­fit un­der Sec­tion 24(b) for the in­ter­est? I am pay­ing for the hous­ing loan but the house is in my mother’s name.

—Sid­dharth Sen devel­oper. Re­mem­ber that the bank does not guar­an­tee the con­struc­tion of the prop­erty in time and it is your li­a­bil­ity if the con­struc­tion is de­layed or builder de­faults on the pay­ment of in­ter­est to the bank. Re­mem­ber, any de­fault by the builder in pay­ment of pre-EMI in­ter­est will se­verely af­fect your per­sonal credit score.

IS­TOCK

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.