Land Agreement Validity

India and its metropolises are a booming real estate market. All those who have a decent earning capacity want to invest in an asset that gives the security of high returns. In general, the most important and important document regarding real estate is the sales contract. Such a sales contract must be registered in a particular seat in the city. Today, we will discuss the validity of an unregured sales contract and count as a valid document without registration. (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; and a sales contract is a legal document that represents the conditions under which the sale of the property is made by the seller to the buyer. It also contains details of the consideration for which the property is sold. The agreement sets out all the essential conditions and a timetable for future payments that the buyer must make to the property. It is the most important document because it facilitates the entire flow and process of selling and transferring ownership. 1. Since the potential buyer has not fulfilled his commitment to pay the balance within the agreed 4-month period, you can terminate the contract with a notification from a lawyer. If these conditions are met, the buyer acquires the full right to the property, even without reservation of contract or ownership, and the seller cannot assert any rights other than those expressly mentioned in the contract. 7) Only then can you sell your land to third parties.

3. If so, send him a letter in which they terminate the contract correctly, as suggested in my previous article, and restart your sales trip. Under Section 54 of the Transfer of Ownership Act, a sales contract, i.e. a sales contract, does not in itself generate any interest or charge for that property. Hon`ble Apex Court has found in numerous earlier cases, after recognition of various legal provisions, that a sales contract confers only a fiduciary character of the personal undertaking and is attached to the property, but does not constitute an interest or relief. Therefore, the transfer of real estate by sale can only be carried out by a willingness to transport (sale).

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