Operation of Transfer:
(Sec.8 of the Transfer of
Property Act 1882)
“Unless a different
intention is expressed or necessarily implied, a transfer of property passes
forthwith to the transferee all the interest which the transferor is then
capable of passing in the property and in the legal incidents thereof.
Such incidents include,--
Where the property is
land, the easements
annexed thereto, the rents and profits thereof accruing after the transfer, and
all things attached to the earth;
Where the property is machinery attached to earth, the movable parts thereof;
Where the property is machinery attached to earth, the movable parts thereof;
Where the property is
a house, the
easements annexed thereto, the rent thereof accruing after the transfer, and
the locks, keys, bars, doors, windows and all other things provided for
permanent use therewith;
Where the property is
a debt or other
actionable claim, the securities therefor (except where they are also for other
debts or claims not transferred to the transferee), but not arrears of interest
accrued before the transfer.
Where the property is
money or other
property yielding income, the interest or income thereof accruing after the
transfer takes effect.