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. This case has the importance of the legal intercity of the documents that are part of the sale transaction, such as: Signing a sales 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. Also, if you apply for a home loan, the bank would not accept your application until you sign a sales contract. A discussion above therefore indicates that land can only be legally and legally transferred/transported by a registered transport obligation. Transactions of the type of sales of the AMP or an agreement on the sale/GPA/Willstransmissionsnon of the property and do not constitute a transfer or can be recognized or the valid type of transfer of real estate. 8) If the buyer refuses to accept the termination of the registered sales contract, you can sue for a special benefit from the direct buyer in order to pay the balance 1.
Since the potential buyer has not kept his promise to pay the balance within the agreed 4-month period, you can terminate the contract with a notification from a lawyer. Contract sale is a technical document will have a number of conditions that you need to understand in depth. Sale is, for example, a transaction in which all or part of the money is exchanged for the transfer of ownership of a given land. What the sales contract creates is the buyer`s right to acquire the property in question in 1996, 1996. Similarly, the seller obtains the right to obtain the buyer`s consideration in accordance with his part of the terms and conditions. The most important clause of the AMP OR SPA is the appointment clause that gives effect to the appointment of the second party as a genuine and legitimate lawyer of the client. Section 17 of the Registration Act, 1908, clearly states that all documents containing land transfer contracts such as land, buildings, estate premiums, fishing, ferries, lights, the right to consideration of Section 53A of the Transfer of Ownership Act must be registered. To simplify this, we can say that an unregant agreement is not valid proof of the claim on the property.
The GPA/SA/WILL these are all part of the transaction of the sale, but these do not give the property to the buyer. What I found from above was that the concept of these documents was originally intended to assist buyers who were not able to give the full consideration at once, to their advantage, the GPA and SA had to be executed.