I own a residential property in Delhi on a shared ownership basis. I have the first floor while the other two have the ground and the second floor respectively. I have been transferred out of Delhi and will take my family along with me, I wish to rent out this flat. I just want to know if I can do that, and will the other owners get a share from the rent?
Answered on November 08, 2017
If the terms of your shared ownership of the property record that the entire first floor premises belongs to you then you would not be required to share the rental proceeds with the other co-owners.
