Mrs. John residing in state of maharashtra. My son has purchased two flats since the loan is taken on his name the first name is his.
The committee says that only one share certificate will be issued.
My say was if one share certificate then only one maintenance will be paid.
If my sons later feels that it is not possible to maintain two flats and wants to sell one how will it be possible without the share certificate.
Can you please solve my query.
God bless u in advance.
I C Naik
Dear Mrs John
There is no harm in one share certificate. In fact it is a correct practice. When a flat is sold the buyer will have to take shares to become member. A member need not take more than minimum shares to become a member ignoring the number of flats. So do not worry at all.
