Money pending for payment in sale deed, how to recover if buyer dies
01-Mar-2023 (In Property Law)
My mother lend rs 3 lakhs to a person with an agreement over a 100 rs bond paper with court registred notary..the person is known to us because we sold our house to him at Rs 65 lakhs. he paid us rs 62 laksh and 3 lakhs are remaining. he started construction on our land ....now that man is admitted in hospital in icu since a month...im worried about my money because if he pass away then what will i do...
Dear Client,
First if the 3 lac is the money lent of if it forms the part of the sale amount. If sale amount. then if the entire amount is mentioned as paid in the sale Deed, if it has been mentioned as paid in the sale Deed, then you cannot do anything vis a vis the property, as your claim will be only as the money lent. I suggest you take a cheque from the relative of the person who is sick, with any date suggested by that person.
First if the 3 lac is the money lent of if it forms the part of the sale amount. If sale amount. then if the entire amount is mentioned as paid in the sale Deed, if it has been mentioned as paid in the sale Deed, then you cannot do anything vis a vis the property, as your claim will be only as the money lent. I suggest you take a cheque from the relative of the person who is sick, with any date suggested by that person.
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