Agreement Of Sale Should Be Registered

If the seller does not sell or return the property to the buyer, the buyer is entitled to a special benefit in accordance with the provisions of the Specific Relief Act of 1963. A similar right is available to the seller as part of the agreement to require a certain benefit from the buyer. Real estate laws and numerous Supreme Court rulings have required the registration of the sales contract, namely, the contractor-buyer agreement, but some developers have managed to find loopholes in the legal provisions and home buyers operated throughout the NCR. Finally, it should be noted that, in the above decision, Hon`ble Bench referred only to the legal situation, namely that sa/GPA/WILL transactions are not transfers or sales and that this transaction cannot be considered a sale or promotion concluded. But they can still be treated as an existing purchase agreement. There is nothing to prevent those affected from obtaining registered promotional titles to complete their title. The registration of the sales mark must not erase the existing entry, i.e. the sales contract. This will remain the case and the last entry is the sales contract between the same parties that were included in the sales contract, so it will provide reasonable grounds for the appearance of such entries in the certificate of charge. 2. The agreement on the sale fades into insignificance after the execution of the sale statement. The Pioneer Supreme Court decision clearly brings the actual meaning and use of these terms in the sales process. (i) the amendment of the Registration Act, 1908 by Amendment Act 48 of 2001 with effect to 24.9.2001, which requires documents that have transferred a contract for a fee (sales agreements, etc.) relating to real estate within the meaning of Section 53A of the Act must be registered; Thus, in cases where you have acquired and taken possession of a property under a sale agreement, the title to the property 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. 3) It should be mentioned that the buyer must pay the consideration within 3 months. In the event that the buyer does not make the payment within 3 months, the money paid expires and it is agreed that the terminated sales contract is not a title, therefore, a loan cannot be granted on the basis of a sales contract, but private financiers can grant it because they know how to recover in the future in the event of default.

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