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If same property is sold to two people who will be the real owner
26-Jul-2023 (In Property Law)
I am from Nashik Maharashtra. I have below query. For eg. A is a seller of a NA Land ( Non Agriculture Land) . He agrees to sell property to B at Rs.50lacs. He takes token of Rs.25000 ( 25k ) and do visar pavaty ( i don't know what to say visar pavti in english but it is written document on stamp paper ). In this document he agrees to sell said property at Rs.50 lacs provided B submit payment in 3 MONTHS. So here time period is of 3 MONTHS Now, A sells same property to C and do takes full payment from C and do registration to C. Now, what is the position of B and C
As per your query since the period of 3 months have been collapsed the rightful owner of the property can sell the said property to the third party and in that case third party will be true buyer of the property.
As per the agreement between the buyer and seller, either the token amount of Rs 25000 will be refunded to you or the rightful owner will forfiet the amount as you failed to make the payment within 3 months.
As per the agreement between the buyer and seller, either the token amount of Rs 25000 will be refunded to you or the rightful owner will forfiet the amount as you failed to make the payment within 3 months.
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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