Advantages of joint ownership of apartments
When you are about to buy a luxury flat in Kerala in a place like Trivandrum, it is best to consider joint ownership as an option. Many apartment buyers are often not aware of the advantages of joint ownership of apartments and go about buying a flat in a single name, instead of joint names. It so happens that with couples, even though EMI is serviced by both partners in equal parts, if the registration is with one partner the other partner could not claim the income tax benefits on the home loan. It is not necessary that only the spouse can be a partner, even close relatives like parents, children, brother or sister, business partner or even friends can be joint owners. A person, who is added as a joint owner in the agreement, need not contribute towards the purchase of the property. It makes sense to add a close relative even if you are financing the property alone Check out the advantages of joint ownership of apartments before you decide to buy a luxury flats in Kerala ! In...