I hope that there are good competent people on the forum who accompany me and, personally, I can meet with everyone in Bangalore to get more clarity on this issue. ALternately, you can contact me. . 9880844668 I must also close this sale and without knowing the legality of a transfer contract (whether I have it for the full value I pay or not) I may not be able to go with this agreement. and most apartments are only in such disputes! A registered deed of sale must be executed if the sellers are A and B and if the buyer is yourself. The reception doesn`t work. Apart from that, the transfer agreement must be executed between you and B. Prefabricated formats will be available in the LIC HFL. In cases where you have acquired and taken possession of a property under a sale agreement, the title to the land will still remain with the developer, unless a sales record has been subsequently executed and registered under the Indian Registration Act.
Thus, it is clear that a security in a property can only be transferred by a deed of sale. In the absence of a deed of sale duly stamped and registered, no right, property or interest for a property, the buyer of the property. The consideration must be paid to B, because the apartment is bought by him. I would like to recall the revision of the agreement, since the legal rights and obligations of all parties concerned, that is, You, A and B, come out of the agreement. “Any sales contract that is not a registered promotion (nature of sale) would fall short of the provisions of section 54 and 55 of the Transfer of Ownership Act and would not confer ownership and would not transfer any right to purchase property (except for the limited right granted under Section 53A of the Transfer of Ownership Act).” 4) As a general rule, the owners charge about rs 2 lakhs as a transfer fee you have made arrangements in your agreement with the owner and B to know who will bear the transfer fee? The above definition shows that a purchase agreement contains a promise to transfer the property in question in the future under certain conditions. This agreement itself therefore does not create any rights or interests on the property for the proposed buyer. C. After the execution of the sale agreement under which you must withdraw B`s initial sales contract, the sale contract may or may not lead to an effective sale of the property in question. Some stamp tax laws, such as the Maharashtra Stamp Act, consider that an agreement to sell a property on the same basis as a proper transport record, as well as a proper transport record, are subject to the same stamp duty as the one in force for the proper sale of a property. Under these provisions, which require the payment of stamp duty on a sales contract, a sale agreement is wrongly considered a good act of sale. Signing a purchase agreement becomes important given several factors.
First, it is legal proof that the buyer and seller enter into an agreement on the basis of which the future approach will be decided in the event of a dispute.