What is notice in Transfer of Property Act?
The concept of Notice for the purpose of The Transfer of Property is given under Section 3 of Transfer of Property Act, 1882 (TPA). Notice means to have knowledge of something i.e. to know something. In law, it means knowledge of a fact. It is used to decide on conflicting claims of two parties.
What are the laws of transfer of property?
Transfer of property defined. In the following sections ‘Transfer of Property’ means and act by which a living person conveys property, in present or in future, to one or more other living persons, or to himself, [or to himself] and one or more other living persons: and ‘to transfer property’ is to perform such act.
What is Section 58 of Transfer of Property Act?
—Where, without delivering possession of the mortgaged property, the mortgagor binds himself personally to pay the mortgage-money, and agrees, expressly or impliedly, that, in the event of his failing to pay according to his contract, the mortgagee shall have a right to cause the mortgaged property to be sold and the …
How many sections are there in the Transfer of Property Act?
137 sections
There are 137 sections in the Transfer of Property Act.
What is a section 121 notice?
Section 121 of the Law of Property Act 1925 grants a rent charge owner remedies for unpaid rentcharges, even if they have not been demanded, if the arrears are unpaid for 40 days or more.
Which type of transfer does not covered by Transfer of Property Act?
Stipends related to Military, Naval, Air Forces, Civil Prisoners, government pensions, etc are personal rights and cannot be transferred. General rule of Transfer of Property is that property of any kind can be transferred from one person to another.
How many types of mortgages are there section 58?
As per Section 58, six types of mortgages are Simple mortgage, Mortgage by Conditional Sale, Usufructuary mortgage, English mortgage, Mortgage by deposit of title-deeds, and Anomalous mortgage.
Where are notices used?
Notices are a means of formal communication targetted at a particular person or a group of persons. It is like a news item informing such person or persons of some important event. This can be an invitation to a meeting, an announcement of any event, to issue certain instructions, make appeals etc.
What are the two types of notice?
There Are Two Types Of Notice Period For An Employer To Give An Employee. There are two types of notice period for an employer to give an employee; statutory notice period and contractual notice period.