Alienation refers to the process of a property owner voluntarily giving or selling the title of their property to another party. When property is considered alienable, that means the property is able to be sold or transferred to another party without restriction.
What does alienation mean legally?
Alienation is the legal term for assigning, sub-letting, charging or otherwise dealing with a tenant’s interest in a lease of property. … If a tenant wishes to dispose of its interest in a commercial property, it will need to assign its lease.
Why do lenders insist on alienation clause?
Most lenders include an alienation clause in their mortgage contracts to protect their interests before you can hand off the title of your home to someone else.
What is alienation and example?
An example of alienation is when a cheating wife is discovered by her husband, and he can no longer stand to be around her so he files for divorce. … The act of alienating or the condition of being alienated; estrangement. Alcoholism often leads to the alienation of family and friends.
Who can alienate property?
1. A sole surviving Coparcener is fully entitled to alienate the joint family property. However, if at the time of such alienation, another Coparcener is present in the womb, then such coparcener can challenge the alienation or ratify it after attaining the age of majority.
Which of the following would alienate title to property?
Which of the following would alienate title to property: Conveying the title will alienate the title to property.
What document would contain an alienation clause?
An alienation clause is language in a mortgage or trust deed that allows the lender to call the loan immediately due and payable in the event the owner sells or transfers title to the property.
What is the opposite of alienation in real estate?
▲ Opposite of the state or experience of being alienated. reconcilement. reconciliation. agreement.
Where is the alienation clause found?
In real estate, the alienation clause is typically included in the mortgage or trust deed written by the lender and signed by the person receiving the loan. The alienation clause will allow the lender to call the loan due if the homeowner sells or transfer the property.
What are 3 types of alienation?
In the Economic and Philosophic Manuscripts, Marx discusses four aspects of the alienation of labour, as it takes place in capitalist society: one is alienation from the product of labour; another is alienation from the activity of labour; a third is alienation from one’s own specific humanity; and a fourth is …
What are the 4 types of alienation?
The four dimensions of alienation identified by Marx are alienation from: (1) the product of labor, (2) the process of labor, (3) others, and (4) self. Class experiences usually fit easily into these categories.
What is the meaning of alienation of land?
Alienated land is that which has been acquired from customary landowners by the government, either for its own use or for private development requiring a mortgage or other forms of guarantees.
When can an alienation be challenged?
According to Article 126 of the Indian Limitation Act, 1908 the period of limitation for a son to challenge his father’s alienation is 12 months and as per Article 144 the period of limitation for coparceners to challenge the alienation made by karta is 6 years.
Who is sole surviving Coparcener?
A coparcener outliving all other coparcener is known as the sole surviving coparcener. He may be alone in the family or there may be other female member along with him in the family. The nature of property in the hands of such sole surviving coparcener is that of HUF property.
What are the grounds under which Karta can alienate joint family property?
For legal necessity and benefit to the estate, Karta was allowed to alienate the traditional family property. Where the other coparceners are minors, he may alienate joint immovable property to attach not only his interest but also that of the other minor coparceners, given the common family’s needs warrant the same.