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What is the Transfer of Property Act, 1882?

The Transfer of Property Act, 1882 establishes legal procedures for transferring assets between individuals or entities. It defines sale, lease, gift, mortgage, and inheritance rights.

  • Clear Transfer Rules: Ensures lawful ownership transitions.
  • Mortgage & Lease Regulations: Defines rights of lenders and tenants.
  • Gift Provisions: Governs voluntary asset transfers.
  • Legal Protection: Reduces ambiguity in ownership claims.

By standardizing transactions, this Act safeguards buyer, seller, and lender interests, ensuring legally sound transfers.

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