25 Transfer of Property Act conditional transfers is made subject to a condition satements are made
My registered saledeed content, i came to know about conditional saledeed please help me i invested all my savings, our intent absolute sale.
ABSOLUTE SALE DEED
WHEREAS, the SELLERS being the absolute owners and in possession of the property more fully described in the Schedule with exclusive right of ownership, for domestic necessities and family benefit, have decided to sell the Schedule Property through this absolute deed of sale to the PURCHASER herein; and the PURCHASER has agreed for the same subject to the conditions set forth below.
AND WHEREAS, the SELLERS herein now offered to sell the Schedule Property to the PURCHASER herein for a total sale consideration of Rs.1,33,00,000/- (Rupees One Crore Thirty-Three Lakhs Only), free from all encumbrances.
The PURCHASER has agreed to pay to purchase the Schedule Property for the total sale consideration amount of Rs.1,33,00,000/- (Rupees One Crore Thirty-Three Lakhs Only), subject to the actual measurement, free from all encumbrances.
**Full amount paid not disclosing**
Thus, the payment of entire sale consideration of Rs.1,33,00,000/- (Rupees One Crore Thirty-Three Lakhs Only) has been received by the SELLERS, and the SELLERS hereby grants/transfers by way of sale to the PURCHASER the Schedule Property with all rights, privileges, interest whatsoever to the Schedule Property as the absolute owner, as normally be conveyed under the sale
THE SELLERS AND THE PURCHASER COVENANT WITH EACH OTHER AS FOLLOWS:
5. The SELLERS have on this day delivered copies of all the original documents of Title Deeds pertaining and related to the Schedule Property to the PURCHASER.
7. The SELLERS shall sign all papers, documents etc., as may be required in order to perfect the title of the PURCHASER in respect of the Schedule Property.
8. The SELLERS further covenants that they have no objection for the PURCHASER to get the Khatha of the Schedule Property transferred to the name of the PURCHASER. The SELLERS undertakes to sign and deliver all such forms, declarations etc., to absolutely and effectually convey a valid title to the PURCHASER over the Schedule Property once the registration of sale deed is complete.
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1) is my saledeed looks like conditional saledeed, if so guide me what all rectification i need to do?
2) "subject to the actual measurement" is making it conditional,we have not taken any actual measurement will it effect the saledeed ?
3) is complete ownership transfered to the purchaser,do sellers left with any ownership?
4) in covenant (point 8) why sellers undertake to convey a valid title to the purchaser over the schedule property once the registraion is done, it means title is not transfered?
5)And in the saledeed title transfer missing,copies of all the original documents delivered stating even though i recevied original documents
6) law consultancy who drafted trying to pull me into trouble?
Asked 2 years ago in Property Law
Religion: Hindu
Hi All, First let me thank kanoon for bringing all the legally experts to one place, and small request from my side please remove restrictions on number of characters we can post.
Statement from my saledeed :-
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"The PURCHASER has agreed to pay to purchase the Schedule Property for the total sale consideration amount of Rs.1,33,00,000/- (Rupees One Crore Thirty-Three Lakhs Only), subject to the actual measurement, free from all encumbrances."
schedule property is measureing 2400 sq.ft 40*60
1) when i went and measured after the sale it came out as 40.5 * 61 total size :- 2470, does this measurement impact me ?
2) What will be the impact if i dont do the rectification, owners are not showing interest they are staying abrod on in US and one in UK?
3) does subject to actual measurement means sale consideration changed as per measurment ?
4) is it mandatory for rectification ?
"Thus, the payment of entire sale consideration of Rs.1,33,00,000/- (Rupees One Crore Thirty-Three Lakhs Only) has been received by the SELLERS, and the SELLERS hereby grants/transfers by way of sale to the PURCHASER the Schedule Property with all rights, privileges, interest whatsoever to the Schedule Property as the absolute owners, as normally be conveyed under the sale."
1) in this statement what it mean "as normally be conveyed under the sale" ?
2) does this mean transfer happens only on the subject to conditions out lined full filled?
3) Will my sale become invalid ?
4) does this mean i am not owner ?
Asked 2 years ago