The Transfer of Property Act, 1882

The Transfer of Property Act, 1882 is a central legislation that governs the transfer of property in India. The Act applies to all kinds of property, including immovable and movable property, and it regulates the sale, lease, mortgage, and gift of immovable property. The Act lays down the rules and procedures for transferring property and creates certain rights and liabilities for the parties involved in the transfer. The Act also provides for the creation and transfer of various kinds of estates, including leasehold, tenancy, and mortgage. Additionally, the Act provides for the rights and liabilities of the parties involved in a mortgage, including the rights of the mortgagor and mortgagee. Overall, the Transfer of Property Act is an essential legislation that governs property transactions in India.