Buyer wants to add wife's name in Sale deed
Hi,
Me (seller) and a buyer entered into a Sale Agreement in which he did not mention his wife's name as buyer. He was referred to as PURCHASER in sale agreement and made some advance payments.
Now, in sale deed (which is not executed yet), he has got his wife's name entered too - they both will be referred as 'PURCHASERS'.
1. Technically, I feel 'PURCHASER' in sale agreement and 'PURCHASERS' in sale deed are different.
2. Sale deed also mentions some advance payments done by 'PURCHASERS' to me.
3. Sale deed also mentions a clause that 'SELLER' has not entered into any agreement to sale or executed any Sale Deed with regard to this property with any entity other than PURCHASERS. However, since 'PURCHASER' in sale agreement and 'PURCHASERS' in sale deed are different, this clause might not be correct.
I personally think there is discrepancy in sale agreement and Sale Deed.
Not sure what might be the best way to fix it since the buyer wants to take a collective loan from the bank.
Please help me with how we can mutually work on it.
Asked 7 years ago in Property Law
Religion: Hindu
Thanks for all the responses. The bank has pointed this and given the following solution for this which (change in Sale Agreement)-
In Sale Agreement banker will Write a Name of <Wife's Name> (Spouse of <Husband's Name> ) besides <Husband's Name>
Even banker will mention that "Read As PURCHASERS wherever the Word Purchaser is mention in this Sale agreement."
Banker will take a counter signature of seller before registration where above additions done.
Please let me know if this looks fine.
Asked 7 years ago