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As outlined by Transfer of Property Act 1882, "Sale is a transfer of possession in Trade for a selling price compensated or promised". Transfer by sale is effected by the following procedures:

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In line with Section sixty seven of your Transfer of Property Act foreclosure is the right of the mortgagee. By this remedy the mortgagor is directed by court docket to pay for up the house loan cash inside a specific period and it can be decreed that if he fails to pay up the amount, the mortgagor would be Totally debarred of his appropriate to redeem the property.

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A mere right to acquire again the land (appropriate of re-entry) supplied on lease to a different for breach of the condition;

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Transfer of Property Act 1882 only deals with Individuals transfers that take place through the act of functions.

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A “reward” is surely an act of transferring property before the house owners’ death. In the case of gifting property, the transfer of possession takes place right away which is finished on receiving the “reward.” Immovable property is usually presented as a present without contemplating its marketplace benefit and selling price.

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