When a person passes away, their property can be transferred through natural succession or according to a will. In the absence of a will, immovable property is typically inherited by the legal heirs, as specified under the laws of succession.
As per the Hindu Succession Act, Class 1 heirs are entitled to inherit the property of the deceased. These include:
- Son/Daughter
- Widow/Mother
- Son/Daughter of a pre-deceased son/daughter
- Widow of a pre-deceased son
- Son/Daughter of a pre-deceased son/daughter of a pre-deceased son/daughter
- Widow of a pre-deceased son of a pre-deceased son
If the owner of a property is alive and wishes to transfer the ownership to someone else, they can do so through various legal instruments, such as:
- Transfer Deed
- Sale Deed
- Relinquishment Deed
- Gift Deed, and others.
These documents formalize the transfer of ownership and can specify terms and conditions as per the owner’s intentions.