The term property in common parlance indicates the economic status of a person. Any property is held by an individual to draw out benefit from it. Transfers are made by owners themselves, ostensible owners and the co-owners or we can say joint owners. When two or more persons enjoy common ownership of a property, for example say in a coparcenary, the male members and now even daughters have a common and an equal interest in the ancestral property, any co-owner can transfer his own share in the property to a stranger or another co-owner. And that transferee steps in the shoes of the co-owner (transferor) and gets clothed with all his assets and liabilities.

Transfer of Property Act, 1882. Both these parties need to be alive for transfer under the Act. In case of transfer of a property of a deceased person, Succession Laws as per the religion of the deceased will be applicable. A.Transfer of Property Act, 1882 With the exception of certain instances, the Act does not govern the transfer of property. The Transfer of Property Act, 1882 (hereinafter referred to as the “Act”) is the. “The meaning of the word 'immovable' means permanent, fixed, not liable to be.

We can say that the transferee becomes the co-owner. Section 44 of the Transfer of Property Act, 1882, deals with transfers by one co-owner. It also deals with the rights of a transferee in this type of a transaction. In my project I have dealt with the following topics- # Who is a co-owner # What are the rights and liabilities of a transferee under this section # Can a co-owner make a transfer without the consent of other co-owners # What is a dwelling house and undivided family for the purpose of this section.

I have also dealt with various case laws. For the purpose of better understanding I have divided the project in parts.

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