The simple answer is “no.” You cannot sell off someone else’s property to make up for your loss; that is theft. As with most legal issues, however, there are exceptions. There are times when another person’s assets can be sold, provided the seller has the legal authority to do so.
Can you sell a house that isn’t yours?
It is possible for a house owned by one person to sell without his or her permission by another that does not own the property with any legal claim, and this is often considered a crime.
Can a person sell a property which is not owned by him?
In your situation, legally, King alienated only his proportionate share of the land based on succession, not the entire property, as he does not own the whole property. No one can sell what he does not own.
What happens if you sell something that’s not yours?
Introduction. The basic rule of law is that you cannot sell what you do not own. … There is always a loser when goods are sold by a person who does not have the authority to sell. It is either the original owner, who loses his property, or, more often, the good faith buyer, who loses his money when the items are returned …
Can you sell a house that is not under your name?
You can’t sell property that you do not legally own. It can only be sold by the person on title to the property or their legal representatives.
Can you sell a house if one partner refuses?
If you share ownership with another person, neither of you can sell the property without permission from the other. This isn’t a problem if all the owners agree to sell, but it becomes a big issue when the owners disagree. … You can also sell your ownership claim to someone else or ask the court to force a sale.
Can a property be sold without title deeds?
A.NO, a property cannot be registered if original sale deed is not with the owner, but a copy of the deed acquired from the registrar is available and name of the owner is displayed in the Encumbrance certificate. B.
Can you force someone to sell a house?
Conclusion. A homeowner can force a sale that is co-owned, either by negotiating a buyout, selling your share to a new owner, or getting a court-forced to sale. A mortgage is an additional legal issue that needs to be addressed in a forced home sale.
What if someone sells my property without permission?
The actual owner can file a civil lawsuit for declaration and possession. The Court may state him the owner and pass the control of the property to him. A civil suit can be filed for cancellations of conveyance deed vide which the property has been transferred illegally.
Can you sell a house on behalf of someone?
In order to sell your loved one’s property on their behalf, the following must be true: You have been appointed as an attorney under the LPA and its terms allow you to deal with the property and financial affairs of your loved one.
What is the general rule on sale of goods by a non owner?
Subject to the provisions of this act, where goods are sold by a person who is not the owner thereof, and who does not sell them under the authority or with the consent of the owner, the buyer acquires no better title to the goods than the seller had, unless the owner of the goods is by his conduct precluded from …
Is resale illegal?
It’s not illegal resell from purchases you have made from shops. However, if you do so, the only way that you can sell them is as Used/Very good condition.
Working for yourself.
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Is not for resale legally binding?
It is perfectly legal to sell something marked “not for resale”. Unless you have a contract with the entity that sold that item to you where you previously agreed in writing NOT to resell it. In that case, it’s the contract where you said you wouldn’t that makes it illegal to sell.
Can you be forced to sell a jointly owned property?
If you are living in the jointly owned family home, unless you agree to voluntarily sell the home your spouse or partner can apply to the Court for an order for sale of the property. The Court will normally only make an Order for sale at a final hearing.
How do I sell a joint ownership property?
1. A co-owner of a property is capable of selling his/her undivided share in the property provided the purchaser is willing to make a purchase in the said manner. the only other way is to partition a property, either through court or through a partition deed and then affect sale of divided property.