Tenancy in Common (TIC) in Indian Real Estate:

Tenancy in Common (TIC) in Indian Real Estate: Tenancy in Common (TIC) is a legal arrangement in which two or more parties jointly own a piece of real property, such as a building or a parcel of land. This structure allows each party to hold a distinct share of the property, adding flexibility and shared responsibility to property ownership. A significant feature of a TIC is that any party can sell their share of the property independently and also reserve the right to pass on their share to their heirs, making it an attractive option for estate planning. Prevalence of Tenancy in Common in India: TIC arrangements are most prevalent in urban areas of India, especially in bustling cities like Mumbai, Delhi, Bengaluru, and Chennai. In these densely populated regions, where real estate prices can be prohibitive, TIC enables multiple investors to co-own properties, which makes it easier to enter the property market together. This arrangement is commonly utilized in residential complexes and...
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Does Seller also get a copy of the Registered Sales Deed in India?

 Does Seller also get a copy of the Registered Sales Deed in India?


In India, it is customary for the seller to receive a copy of the registered sales deed. This deed, also known as the sale deed or conveyance deed, is a legally binding document that transfers the ownership of the property from the seller to the buyer. Both parties, the seller, and the buyer, typically retain a copy of the registered sales deed for their records as it serves as proof of the property transaction. 

However, it's always advisable to consult with a legal professional or real estate expert in your specific location in India, as real estate practices and documentation requirements can vary by state and locality.

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