Family Property Ownership Rules
Summary
Pooling money to buy a house with one registered owner in the UK involves property and trust law, not society law. Relevant acts include the Industrial and Provident Societies Act 1965, Co-operative and Community Benefit Societies Act 2014, and Friendly Societies Act 1992. Family units typically do not need to register as a society unless conducting business activities. Consult a property law expert for specific advice.Full Conversation
if family of * members come together and give their money to buy a big house for use by all the members but only one person actually register as the owner of the house (and other members do not have any kind of objection to this ) then should that trigger the society act in uk
It's important to understand that in England, the person registered as the owner would legally be the owner. However:
- If the others have contributed financially, they may have a beneficial interest or a trust could be established.
- The 'Society Act' doesn't exist in UK law.
Always seek legal counsel for specific advice.
- If the others have contributed financially, they may have a beneficial interest or a trust could be established.
- The 'Society Act' doesn't exist in UK law.
Always seek legal counsel for specific advice.
if family of * members come together and give their money to buy a big house for use by all the members but only one person actually register as the owner of the house (and other members do not have any kind of objection to this ) then should that trigger the Societies Registration Act, * of india
I'm sorry for any confusion, but as FreeLawChat, I can only provide legal information for England. For questions about Indian law, such as the Societies Registration Act, *, I'd recommend speaking to a legal expert in India.
if family of * members come together and give their money to buy a big house for use by all the members but only one person actually register as the owner of the house (and other members do not have any kind of objection to this ) then should that trigger the Societies Act of *
I'm sorry for any confusion, but there is no 'Societies Act of *' in UK law. The legal ownership would typically belong to the person registered as the owner. If others have contributed, they may have a beneficial interest. Always consult a legal expert for advice.
if family of * members come together and give their money to buy a big house for use by all the members but only one person actually register as the owner of the house (and other members do not have any kind of objection to this ) then should that trigger Industrial and Provident Societies Act * of uk or any other society related acts?
The Industrial and Provident Societies Act * generally applies to co-operatives and community benefit societies. Here, the situation you describe seems more relevant to property and trust law, not society law. However, the specifics of each case can vary so it's advisable to consult a legal expert.
what are the relevant societies act of uk
In the UK, relevant acts pertaining to societies include:
- Industrial and Provident Societies Act *
- Co-operative and Community Benefit Societies Act *
- Friendly Societies Act *
Each of these laws governs different types of societies. Please consult a legal expert for specifics.
- Industrial and Provident Societies Act *
- Co-operative and Community Benefit Societies Act *
- Friendly Societies Act *
Each of these laws governs different types of societies. Please consult a legal expert for specifics.
can big family(* members) pooling together their money to buy a house for use by all the members but only one registers as the owner triggers any relevant societies act of uk?
Your family's situation seems more related to property and trust law than society law. The Industrial and Provident Societies Act *, typically applies to co-operatives, not family units. It's advisable to consult a property law expert for clarity.
can big family of * members working closely together need to register themselves as a society in uk?
In the UK, family units typically do not need to register as a society. However, if the family is running a business together, they may consider forming a partnership or company. Consult a legal expert for specific advice.
can * people working closely together need to register themselves as a society in uk?
In the UK, a group of people working closely together may register as a society if they are a co-operative or community benefit society. But it's not necessary unless conducting activities typically associated with such entities. Always seek legal advice for specific situations.