Transfer of Property Act, 1882
8. Operation of transfer
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, when the property is land, the easements
annexed thereto, the rents and profits thereof accruing after the transfer, and
all things attached to the earth; and, where the property is machinery attached
to the earth, the movable parts thereof; and, 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; and, where the property is a debtor 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; and, where the property is money or other property
yielding income, the interest or income thereof accruing after the transfer
takes effect.