A deed of sale is a legal document that proves that the seller transferred absolute ownership of the property to the buyer. Through this document, the rights and interests of the property are acquired by the new owner. A deed of sale generally consists of the following information: « Any sales contract that is not a registered promotion (sales characteristics) would fall short of the requirements of paragraphs 54 and 55 of the Transfer of Ownership Act and would not confer ownership or transfer any right of dissemination to a property (with the exception of the limited right granted under Section 53A of the Transfer of Property Act). » 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. 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. Also, if you apply for a home loan, the bank would not accept your application until you sign a sales contract. The Supreme Court also reaffirmed the importance of the contract of sale between the owner and the purchaser, since it recently decided that the period of awarding a dwelling unit to a home buyer should be taken into account from the date of the owner-buyer agreement and not from the date of registration of the project under the Real Estate Act (regulation and development). , 2016.
The court also ordered the rera authorities to order the payment of compensation by the contractor, in accordance with the sales contract whose unsealability was upheld by this decision. The agreement is valid in 100 Rs stamp paper and even if it is not done on stamped paper, it is valid. In fact, even a verbal sales agreement is legally applicable. The same obligation as a bottomry bond (No. 16) for the entire amount paid, payable or to be provided under such a lease. The same obligation as a promotion (No. 23) for consideration equal to twice the amount or value of the average annual rent set aside. The same obligation as a means of transportation (No. 23) for a consideration equal to three times the amount or value of the annual rent reserved. The same obligation as a promotion (No.
23) on the market value of the property subject to the lease. The same obligation as a means of transportation (No. 23) for consideration equal to the amount or value of that fine or premium, or advanced money or advanced security costs, as stated in the lease. The same obligation as a promotion (No. 23) on the market value of the property subject to the lease. The same obligation as a promotion (no