NRIs choose to resolve property disputes with families through family settlements, as these agreements aim to avoid lengthy and adversarial legal battles while maintaining harmonious family relations.
FAQ Category: Services
What is a Family Settlement Agreement?
Family Settlement Agreement (FSA) is a legally binding agreement reached among family members to amicably settle family disputes relating to ownership, division, or management of properties or assets.
How can NRIs resolve property disputes with family members?
NRIs can either file a litigation proceeding or enter into a Family Settlement Agreement to get a fair share of the family property.
What is the most common type of property dispute faced by the NRIs?
Disputes with blood relations regarding ancestral property inheritance or distribution are the most prevalent property disputes faced by NRIs.
Can a buyer claim compensation along with the refund?
Yes, a compensation can also be claimed if the builder is at fault.
If the builder has yet to start the project as per the time they gave in the agreement, can a buyer stop paying the outstanding instalment?
It depends upon the terms and conditions of the agreement. In general, the buyer can stop the instalment, and he can seek a refund of his instalments already paid from the Court due to the buyer’s delay.
What if the builder fails to give the refund as per the order of the Court?
An execution petition can be filed in the same Court for claiming the compensation as per the order of the Court.
Can the builder be sued for delivering a less-measured house, as stated in the agreement?
Yes, the builder can be sued for the same under deficiency of service.
Can the buyer himself approach these redressal forums?
While you can approach both forums independently, it is advisable to engage a property lawyer. Only an expert can send a well-drafted legal notice and complaint substantiating your claim in the Court of law.