Best law firm in Coimbatore/ Best advocates in Coimbatore/Best law service in Coimbatore/ Best legal consultation in Coimbatore/ Best legal services in Coimbatore/ Best lawyers in Coimbatore/ Online legal consultation. According to this section, transfer of property means an act by which a living person conveys property, in the present or future, to one or more other living persons, or himself and other living persons. The phrase living person includes a company or association or body of individuals, whether incorporated or not, but nothing in this section shall affect any law. Where any person contracts to transfer for consideration any immovable property by writing signed by him or on his behalf, from which the terms necessary to constitute the transfer can be ascertained with reasonable certainty. Also, the transferee has, in part performance of the contract, taken possession of them. There are various modes of transferring ownership of property permanently; → Relinquishment → Sale → Gift and temporarily by way of → Mortgage → Lease → Leave and license agreement. The purpose of the transfer of property act is to define and amend the law relating to the transfer of property by the act of the parties and not by the operation of law. The transfer of property is a contract, so all requirements have to be met to constitute a valid contract. Property transfer must be done by a competent person. They should not be intoxicated, must be of a sound mind, and should be a major or someone who is not disqualified by law. For the conveyance of property, the transfer mustn't be done before the title. You can get the law services like Trust deeds, Financial law, Insurance law, Environment, Consumer, Property, Banking Tax Cyber, Constitutions, Labor law, Civil, Criminal, Family, Property registration, Getting NOCs, and many others. Additionally, you can get to know about Legal notice, documentation, Legal registration, Property organization, establishing companies, Family legal consultation, Civil legal consultant, Criminal legal consultant, and Litigation for finance property from our expert lawyers.