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I want to know if there is a partnership between two people and the profit share is such that the first party is asking for 60% share and the second party is asking for 40% share. He is investing money to run the guest house but the property is in my grandmother's name. Can the first party sell or take possession of the property. But the first party wants a Partnership deed for at least 3 years. Is there any fraud happening on my grandmother's property during this period?
Sir, the first party cannot sell or take possession of the property without any legal authorization, it will remain under ownership of your grandmother and if you want to prevent any fraudulent activities in your grandmother’s property so you should make formal agreement with the first party. For further legal assistance contact us on our helpline number.