2. Part 1 assures Part 2 that the apartment mentioned is free of all kinds of charges such as pre-sale, gifts, mortgages, litigation, residence orders, seizures, communications, acquisitions, commissions, consignments, security, securities, HUF, Benami, property or other registered or unregistered charges, and if this fact is otherwise established, which means that some or all of the above apartment is in the hands of Part 2, Part 1 will compensate for the loss incurred by Part 2. A purchase agreement is an agreement to sell a property in the future. This agreement sets out the conditions under which the property in question is transferred. 13. That Part 2 after receiving the full remuneration of Rs sales. ———— by Part 2 and after Part 2 has paid/deposited the full balance, there is no further action to be performed, unless it is transmitted by Part 1, since Part 2 has the right to take the act of promotion either by Part 1 or, if authorized, at any time and to a prescribed act, does not apply to the transaction. 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. 11. Let Part 1 admit that no rights, title, interest or concern of any kind have been left in the aforementioned dwelling.
This sale agreement is executed at this —————— ——— between ——————————, as part 1. AND Sh ——————————-, the following part 2. The expression of Part 1 -2, wherever it appears in the text of this agreement, means that it includes its respective heirs, legal representatives, rights holders, administrators, executors and assignees. While the No. 1 party is the bonafide allottee/owner, who is in possession of a property with the number——————————— – of its bonafid needs and requirements, has agreed to sell the above-mentioned apartment for a sum of Rs.————————— – and the No. 2 party has agreed to buy the apartment mentioned in party No. 1. In cases where you have acquired and taken possession of a property under a sale agreement, the title to the land will still remain with the developer, unless a sales record has been subsequently executed and registered under the Indian Registration Act. Thus, it is clear that a security in a property can only be transferred by a deed of sale. In the absence of a deed of sale duly stamped and registered, no right, property or interest for a property, the buyer of the property. Under the Transfer of Ownership Act, a sales contract, with or without property, is not transportation.
Section 54 of the Transfer of Ownership Act provides that the sale of a property can only be done by a registered instrument and that a sale agreement does not create interest or fees for its property. If the seller does not sell or return the property to the buyer, the buyer is entitled to a special benefit in accordance with the provisions of the Specific Relief Act of 1963. A similar right is available to the seller as part of the agreement to require a certain benefit from the buyer.