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What is the real meaning of "CHARGE" on property? |
My grandmother had made a will. she gave her property to my mother and put a condition -charge -on it. she should give 50000 rupees each to my mother's two brothers the first year after her death. if not paid she should give 6% interest per annum. But my uncles did not accept the money then. Now, 14 years after the death of my grandmother, they demand that they need a portion of the property. She is ready to pay them up 50000 with 6% interest. But they refused. Is she legally bound to give them a share? Having a charge is to have a right over the property to recover amounts to the extent entitled. There are several kinds of charges which needs no mention for the present situation. it is a registered will Report It Your uncles are eligible only for 50000+6% p.a. interest. Perhaps they are aware the property is worth more than this amount, so they are raising a dispute. Anyway, consult a lawyer with the will of your grandmother. Your Uncles are entitled only to the money and interest. Generally a charge on a property means that the property has a lien on it.Such lien is due to |
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