These are a set of queries raised by ET Wealth readers, which have been answered by our panel of experts.

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My father passed away recently, leaving behind a shop in Pune, which is on a lease and license (L&L) agreement. My mother is a co-owner in this shop. Do I need to apply for mutation of this commercial property with the local municipality, or can we continue with the current ownership structure?

Raj Lakhotia Managing Partner, LABH & Associates: Since the shop is on lease and license arrangement and was jointly owned by your parents, mutation with the local municipality may not be immediately necessary as your mother remains the legal co-owner of this property. However, with the p

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