Is it illegal to sell something that does not belong to you?
It is not legal to sell goods that you know or should have reason to know are stolen. … Anyone who sells someone else’s property without the owner’s consent and without legal authority can be charged with theft, depending on how they acquired the property.
Can a person sell a property which is not owned by him?
If a person is selling a property that’s not under his name, the least of the documents that he should show the buyer is the document authorizing him to offer the subject property for sale. … If the person posing as the seller doesn’t have the authorization of the real owner, he cannot sign the Deed of Sale himself.
Can you sell undivided property?
You can sell your undivided share in the property to a third person if the said buyer is willing to buy it and get it partitioned at a later date. Your cousin’s consent is not required to sell your share of property.
What is effect of sale by person who is not owner?
Only the owner of goods can transfer a better title to the buyer. According to Section 27 of the Sale of Goods Act, 1930, the person who doesn’t have the authority to sell a good, sells it, and if the buyer purchases that product, then there would be a passage of defective title from the seller to the buyer.
Is it safe to give property documents?
XEROX copy or any unregistered agreement has no legal sanctity in the eye of law. Therefore their is no problem to give Xerox copy of your house. The sale deed or any title deed is a public document and it is always available in Sub Registrars office. Hence there is no problem in delivering Xerox copies.
How do you transfer a house without a title?
5 Ways to Transfer Property in India
- Sale Deed. The most common way of property transfer is through a sale deed. …
- Gift Deed. Another popular way of transferring property ownership is by ‘gifting’ the property using a gift deed. …
- Relinquishment Deed. …
- Will. …
- Partition Deed.
What is it called when you sell something before you buy it?
Perhaps the most extreme example of this is arbitrage, the act of buying and selling goods simultaneously in different markets to gain an immediate profit.
Selling Your Share of a House Individually. Find a buyer and walk away. If you and the co-owners of the house are “tenants in common,” you don’t have to do anything special to sell your share of the home. As long as you can find someone willing to purchase your share, you can execute the transfer and be done with it.
Can I sell my inherited property?
Nothing belonging to the deceased can be sold until probate is granted. However, there are often multiple beneficiaries of a will, such as if you are inheriting property with siblings, so it can make sense for the property to be sold as quickly as possible after probate is granted.
Can inherited property be sold?
No, ancestral property be cannot be sold without consent of successors in case of major and in in case of minority you might have to take permission from the court. And if property disposed without consent can be reclaimed.