Sale agreement registration
I am from Chennai...I want to sell my flat... the buyer wants to get into an Rs.20 stamp paper agreement and wants it to be registered.. the agreement states that within 90 days the sale deed registration will be done properly.
As a seller, if I enter into an agreement wat are the advantages and disadvantages for me? If the buyer does not agree for the registration after 90 days, wat can I do? Is it legally safe? Generally I heard that the buyer can drag the agreement till 3 years as it is valid for 3 years... please advise
Asked 7 years ago in Property Law
Religion: Hindu
Thanks for all your responses.... it was an eye opener..with the help of the registered sale agreement, the buyer wants to get loan.(not bank loan, privately arranged).. is that allowed? Will it have any impact on me? (Seller)....
So I can surely enter into a sale agreement by clearly mentioning the date within which the sale deed needs to be registered. The seller confirms that he will register the property within the stipulated time.
Once the property is registered through a sale deed, the registered sales agreement gets automatically cancelled? Please respond to all my queries.
Asked 7 years ago