93+ Lawyers are online 
whether notarized MOU considered valid
18-Feb-2023 (In Documentation Law)
Hi, Myself have booked land of 1000sq ft in Roha. And have paid 51000/- (total cost 6lacks). I have to pay 2lacks in next month & balance monthwise for next 2 years. Company going to give me notarized MOU after paying 2lacks. Is notarized MOU considered legally. Please guide.
Hi sir/madam, MOU means Memorandum of Understanding, it is an understanding between the parties. The notarized document is legally valid and relevant document for the case if the said document is notarized in accordance with the law. No Document can be held invalid for mere non registration. Your Document is fully valid and can be enforced if need arise. Registration is possible by executing deed of confirmation and Penalty will be attracted. Adjudication will have to be done.
Helpful?
88+
88+
Adv. Chetan Rajendra Nagare
Pune | 25+ Answers
CONTACT NOW
The property as you say is of 6 lakhs and you're going to pay 2.51 lakhs (more than 40%) then why can't the company provide you with an registered agreement. MoU is just an Understanding brought into writing where a complex transaction has to be dealt. In a Simple transaction where A is selling and B is buying a plot of land by part payment of money/cost, what's so complicated to enter into an MoU?. A simple Sale Deed with Payment schedule would suffice. At the most what I can say is beware!!!
Helpful?
54+
54+
Adv. Chintan Thakker
Mumbai | 25+ Answers
CONTACT NOW
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Documentation lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
