One property can be purchased by one or more persons jointly. If the property is purchased with any other partner, then both partners are co-owner of the property. Co-owner can be in blood relations, friends or business partners. There is no limit to have co-owner in a property.
a coparcener is a person who acquires a right in the ancestral property by birth and a person who has a right to demand partition in the HUF property. Prior to the amendments made by the Hindu Succession (Amendment) Act,2005, only male members of a family had a right to the Ancestral property by birth and they were only entitled to demand partition in the HUF Property and thus only male members were called coparceners.
Undivided property is physically undivided property between co-owners or coparceners. If the property is not divided in meters and boundaries, that properties is called undivided property.
Co-Owner can sale his/her share of property. Co-owner is not bound with any other partner for sale and he/she is free to dispose his share of property without permission of any other co-partner of the same property.
Coparceners can not sale his/her share of property without offering his/her share of property to other partner. Before sale of his/her share of property Coparceners have to offer his/her share to other Coparceners. If other Coparceners is not interested in buying other Coparceners share than they can sale there share.
1. Photograph
2. Property Papers
3. Aadhar Card
4. Draft
5. Stamp Duty