Property Lawyers in Noida

RCIC- a Leading Property Law Firm in Noida

RCIC- a Leading Property Law Firm in Noida, best property lawyers in Noida, Property is a very valuable asset and an individual must take qualitative decisions while dealing with it. Many people are under an impression that the decisions related to real estate are quite standardized and hence use the standardized contracts after amending a few clauses. But doing this not always serves the interests of the clients and leads to a dispute later.  Lawyers at RCIC, property law firms in Noida, guide its clients through all property-related transactions.

Property related transactions not only involve the application of central laws and state laws but also local municipal laws.  From the drafting of title deeds and concession agreements to taking important decisions like mortgage and sale of the property, our experts can help you in taking all the imperative decisions dealing with your property. We also aid our clients in dealing with partition related disputes, testamentary and intestate succession and other succession related issues.

Technicalities Addressed by RCIC – property law firms in Noida:

• Due diligence
• Providing services with respect to registration of real estate properties (gift, joint family property, self-acquired property, etc) at Sub-Registrar offices.
• Services provided with respect to obtaining approvals/permission/licenses from authorities concerned.
• Conveyancing, drafting, vetting, and interpretation of several kinds of agreements/ contracts such as collaboration, consortium, sale deed, joint venture, lease deed, agreement, General Power of Attorney, Special power of attorney, and other legal documents.
• Verifying and perusing title deeds, conducting a title search, and investigating title properties
• Dealing with the alienation of property, creating life interests, Creating covenants
• Taking care of legal aspects of several kinds of loans such as housing loan, loan against property, mortgaging, project approval, and several other natures of the mortgage.
• Consulting our clients on legal aspects while acquiring, disposing of, mortgaging, and exchanging properties.
• Consulting on the creation and operation of public and private funds investing in real estate.
• Consulting in risk assessments and management, various environmental laws, obtaining permissions and approvals from the authorities
• Conducting EIA

Some FAQs on Property Laws

• What does inheritance mean?

Inheritance means the devolution of a property to a relative after the death of its owner. A person can inherit a property in two ways-

• • Through a will (testamentary succession)–

    If a person dies after making a will, then his property is distributed as per the dictates of the will. The person who has made the will is known as a testator and the person in whose favour the will is made is known as the legatee.

• • Through laws of intestate succession-
    

    If the owner of the property dies without making a will, then his property is distributed as per the laws of interstate succession.

Both the ancestral property and the self-acquired property can be inherited after the death of the owner. Personal laws like Hindu Succession Act,1956, the Muslim Personal Laws (Shariat) Application Act, etc and also Indian Succession Act, 1925 is applicable on inheritance.

• What is a will and can it be revoked?

Will is a document containing the declaration of intention of a person which he wishes to be performed after his death.  It can be revoked only during the lifetime of the maker of the will. It can be changed any number of times during the life time of the maker. A will can be executed only after the death of the maker. It has no effect during the life span of the maker.

• Who can make a will?

Every person who is of a sound mind and has attained the age of majority can make a will. A will made by a person of unsound mind is not a valid will. If the will is made under the influence of intoxication or if it is made by force, coercion against the will of the maker, then also the will is said to be invalid. It can be made during the life time of the person and there is no limitation on the number of wills that can be made. The last will made by the person gets executed after his death.

• Is it mandatory to get a will registered?

No, it is not mandatory to get a will registered. Section 18 of the Registration Act, 1908 states that it is optional to get the will registered. However, it is advised to get the will registered as a will registered with the registrar cannot tamper, mutilated, destroyed, or stolen. It adds to the genuineness of the will. If at any time the testator wishes to withdraw the will, he can do so.  A will can also be sealed and kept in a safe custody.

• What is a codicil?

A codicil is an instrument which is made in respect to a will that adds, explains or modifies any dispositions in an existing will. However, a codicil is not considered to be a separate document but is a part of the will.  It is a useful document if you wish to make changes to the existing will. It eradicates the requirement of making a new will when some changes are required to be done to the existing will.

• Whether a will needs to get attested?

A will needs to be executed by the testator by fixing his signature or thumb impression on the will.  The will must be attested by two or more witnesses who were present while the testator(maker) signed the will.

• Who is an executor of the will?

An executor is a person or institution who is a legal representative of the testator, who is responsible to distribute the assets as per the will.

The duties of an executor include-

• Obtaining the death certificate of the testator.
• Interpretation of the will in the correct manner and distribution of the assets as mentioned in the will.
• Drawing up the inventory of the assets and meeting the expenses mentioned in the will.
• Maintaining the records of the distribution.
• Representing the testator in any legal action.

• What does it mean to probate a will?

Probate is a document issued by a court officer under the seal and signature. It certifies that the particular will has been proved with a copy of the annexed will. It has been held by the Hon’ble SC that a petition for probate or letters of administration of the will must be filed within 3 years from the date of the death of the maker of the will. In the case of Christian and Muslim wills, probate is not necessary.

Our property lawyers in Noida at RCIC, the best law firms in Noida provide help in all kinds of property disputes. Our team of lawyers have vast experience and assist the clients in a cost-effective and time-bound manner. From drafting to the execution of the will, our team can assist you in all kinds of matters pertaining to a will.

Major Property Litigation Areas in which our property lawyer at RCIC have assisted before include-

• Acquisitions and divestment of industrial buildings, commercial buildings, hotels and resorts
• Cost-sharing agreements
• Commercial and retail leasing
• Conveyancing
• Disputes regarding the sale of property
• Land Leases
• Leaseback Contracts
• Matrimonial property
• Partition of Property, disputes
• Project management and construction agreements
• Rent Disputes
• Succession dispute
• Will/ legality of a will