THE TRANSFER OF PROPERTY ACT, 1882 ... - India Code

1 1 THE TRANSFER OF PROPERTY ACT, 1882 _____ A R R A N G E M E N T O F S E C T I O N S _____ PREAMBLE CHAPTERI PRELIMINARY SECTIONS 1 . S h o r t t i t l e . commencement. Extent. 2 . R e p e a l o f A c t s . Sa vi n g o f c e r t a i n e n a ctme n t s , i n c i d e nt s , ri gh t s, l ia bi li t ie s , et c . 3. Interpretation-clause. 4 . E n a c t m e n t s r e l a t i n g t o c o n t r a c t s t o b e t a k e n a s p a rt o f C o n t r a c t A c t a n d s u p p l e m e n t a l t o t h e R e g i s t r a t i o n A c t . C H A PT ER 1 1 OFTRANSFERS OF PROPERTY BY ACT OF PARTIES (A) T r a n s f e r o f p r o p e r t y , w h e t h e r m o v e a b l e o r i m m o v e a b le 5. TRANSFER of PROPERTY defined.

2 6. What maybe transferred. 7 . P e r s o n s c o mp e t e n t t o t r a n s f e r . 8 . O p e r a t i o n o f t r a n s f e r . 9 . Ora l tr an sfer . 1 0 . Co ndi tio n rest rai nin g ali ena tio n. 11. Restriction repugnant to interest cleated. 12. Condition making interest determinable on insolvency or attempted alienation. 1 3 . T r a n s f e r f o r b e n e f i t o f u n b o r n p e r s o n . 14. Rule against, perpetuity. 1 5 . T r a n s f e r t o c l a s s s o m e o f w h o m c o m e u n d e r s e c t i o n s 1 3 a n d 1 4 . 1 6 . T r a n s f e r t o t a k e e f f e c t o n f a i l u r e o f p r i o r i n t e r e st . 1 7 . Dir ecti on fo r acc u mul ati on . 1 8 . T r a n s f e r i n p e r p e t u i t y f o r b e n e f i t o f p u b l i c.

3 19. Vested interest. 2 0 . W h e n u n b o r n p e r s o n a c q u i r e s v e s t e d i n t e r e s t o n t r a ns f e r f o r h i s b e n e f i t . 2 1 . C o n t i n g e n t i n t e r e s t . 2 SECTIONS 22. TRANSFER to members of a class who attain a particular age. 23. TRANSFER contingent on happening of specified uncertain event. 24. TRANSFER to such of certain persons as survive at some period not specified. 25. Conditional TRANSFER . 26. Fulfilment of condition precedent. 27. Conditional TRANSFER to one person coupled with TRANSFER to another on failure of prior disposition. 28. Ulterior TRANSFER conditional on happening or not happening of specified event. 29. Fulfilment of condition subsequent. 30. Prior disposition not affected by invalidity of ulterior disposition.

4 31. Condition that TRANSFER shall cease to have effect in case specified uncertain event happens or does not ha ppen. 32. Such condition must not be invalid. 33. TRANSFER conditional on performance of act, no time being specified for performance. 34. TRANSFER conditional on performance of act, time being specified. Election 35. Election when necessary. Apportionment 36. Apportionment of periodical payments on determination of interest of person entitled. 37. Apportionment of benefit of obligation on severance. (B) TRANSFER of immoveable PROPERTY 3 8 . Tra nsf er b y p ers on a uth ori se d onl y un der c ertai n cir cu ms tan ce s t o t ra nsf er . 39. TRANSFER where third person is entitled to maintenance. 40. Burden of obligation imposing restriction on use of land, or of obligation annexed to ownership but not amounting to interest or easement.

5 41. TRANSFER by ostensible owner. 42. TRANSFER by person having authority to revoke former TRANSFER . 43. TRANSFER by unauthorised person who subsequently acquires interest in PROPERTY transferred. 44. TRANSFER by one co-owner. 45. Joint TRANSFER for consideration. 46. TRANSFER for consideration by persons having distinct interests. 47. TRANSFER by co-owners of share in common PROPERTY . 48. Priority of rights created by TRANSFER . 49. Transferee's right under policy. 50. Rent bona fide paid to holder under defective title. 3 SECTIONS 51. Imp r o ve me n t s ma d e b y b o n a f i de h o l d er s u n de r d e fe c ti ve t i tl e s . 5 2 . Tra nsf er of pr op ert y pen di n g s uit rela tin g the ret o . 5 3 . Fraudulent TRANSFER . 53A. Part performance.

6 CHAPTER III OF SALES OF IMMOVEABLE PROPERTY 54. Sale defined. Sale how made. Contract for sale. 5 5 . Ri ghts a nd li abil itie s of b u yer an d sell er. 56. Marshalling by subsequent purchaser. Discharge of incumbrances on sale 5 7 . Pr o vi s i o n b y Co u r t f or i n c u mb r a n c c s , a n d s a l e f r e e d t h e re f ro m. C H A P T E R I V OF MORTGAGES OF IMMOVEABLE PROPERTY AND CHARGES 58. M o r t g a g e , mo r t g a g o r , mo r t g a g e e , mo r t g a g e - mo ne y a n d mo r t g a g e -d e e d defined. Simple mortgage. Mortgage by conditional sale. Usufructuary mortgage. English mortgage. Mortgage b y deposit of title-deeds. Anomalous mortgage. 5 9 . M o r t g a ge wh e n t o b e b y a s s u r a n c e.

7 59A. References to mortgagors and mortgagees to include persons deriving title from them. Rights and liabilities of mortgagor 6 0 . R i gh t o f mo r t ga g o r t o r e d e e m. Re d e mp t i o n o f p o r ti o n o f mo r t ga ge d p r o p e r t y. 6 0 A . O b l i ga t i o n t o t r a n s f e r t o t h i r d p a r t y i n s t e a d of r e -t r a n s f e r e n c e t o mo r t ga g o r . 6 0 B . Ri gh t t o i n s p e c t i o n a n d p r o d u c t i o n o f d o c u me n ts . 6 1 . Ri ght to re de e m sep arate l y or si mu lt ane ou sl y. 6 2 . Ri ght of u su fru ctu ar y mo r t ga gor to re co ver po ss ession . 63. Accession to mortga ged PROPERTY . Accession acquired in virtue of transferred ownership. 4 SECTIONS 6 3 A.

8 Imp r o ve me nt s t o mo r t ga ged pr op ert y. 6 4 . Re ne wal o f mo rt ga ged le as e. 65. Implied contracts by mortgagor. 65A. Mortgagor s power to lease. 66. Waste by mortgagor in possession. Rights and liabilities of Mortgagee 67. Right to foreclosure or sale. 67A. Mortgagee when bound to bring one suit on several mortgages. 68. Right to sue for mortgage-money. 69. Power of sale when valid. 69A. Appointment of receiver. 70. Accession to mortgaged PROPERTY . 71. Renewal of mortgaged lease. 72. Rights of mortgagee in possession. 73. Right to proceeds of revenue sale or compensation on acquisition. 74. [Repealed.]. 75. [Repealed.]. 76. Liabilities of mortgagee in possession. Loss occasioned by his default. 77. Receipts in lieu of interests. Pri orit y 78. Postponement of prior mortgagee.

9 79. Mortgage to secure uncertain amount when maximum is expressed. 80. [Repealed.]. Marshalling and contribution 81. Marshalling securities. 82. Contribution to mortgage-debt. Deposit in Court 83. Power to deposit in Court money due on mortgage. Right to money deposited by mortgagor. 84. Cessation of interest. Suits for foreclosure, sale or redemption 85. [Repealed.]. Foreclosure and sale 86. [Repealed.]. 87. [Repealed.]. 88. [Repealed.]. 5 SECTIONS 89. [Repealed.]. 90. [Repealed.]. Redemption 91. Persons who may sue for redemption. 92. Subrogation. 93. Prohibition of tacking. 94. Right ofmesne mortgagee. 95. Right of redeeming co-mortgagor to expenses. 96. Mortgage by deposit of title-deeds. 97. [Repealed.]. Anomalous mortgages 98. Rights and liabilities of parties to anomalous mortgages.

10 Attachment of mortgaged PROPERTY 99. [Repealed.]. Charges 100. Charges. 101. No merger in case of subsequent encumbrance. Notice and tender 102. Service or tender on or to agent. 103. Notice, etc., to or by person incompetent to contract. 104. Power to make rules. CHAPTER V OF L E AS E S O F I M M O V E A B LE P R O P E R TY 105. Lease defined. Lessor, lessee, premium and rent defined. 106. Duration of certain leases in absence of written contract orlocal usage. 107. leases how made. 108. Rights and liabilities of lessor and lessee. 109. Rights of lessor s transferee. 110. Exclusion of day on which term commences. Duration of lease for a year. Option to determine lease. 111. Determination of lease. 112. Waiver of forfeiture. 113. Waiver of notice to quit. 114. Relief against forfeiture for non-payment of rent.