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legal documents for payments


01-May-2023 (In Property Law)
what should i do for the advance paid amount to owner for a site in prior to registration? 2. If i am willing to have a power of attorney for the site, is it possible to get that done and what needs to be done for that and what all authority i will be having? 3. If i am getting an agreement done what would be the legal value and maximum validity of the agreement for revenue site?
Answers (1)

Answer #1
141 votes
you can enter into MOU or agreement for sale . the detailed terms and conditions as to the price to be paid for purchase of site , time for making payment , receipt of earnest money should be incorporated in agreement it should also mention consequences in case full payment is not made within stipulated period . get MOU or agreement drafted by local lawyer . seller wont issue any POA to you as only advance payment has been made till date

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