Purchased property together now friend denying my share in property

797 votes

Hi sir/madam This is manikanta.I and my friend has started an realestae bussiness.at first we had buy an 2acers land which had given an advance 2 Lakhs for an advance and we wrote an Rs:100/- bond stamp in the favour of my self... after paying the total amount we had registered the land in the name of my friend only, Now he is saying that you didnt have any partener ship in the land ,i didnt have any proper proof to say that i have an partenership in that property, I have the only one which is the agrrement held at first advance given to seller.. plz

My reply: You dont have a case. Forget about it. At the most you can take back the advance from that seller.

Advocate V Arunagiri LawRato

847 votes

The sale agreement in your favor on Rs. 100 Stamp paper cannot be an evidence of the partnership.

This was an agreement between you and the vendor.

Moreover this is an unregistered sale agreement which cannot be enforced in law.

This sale agreement cannot be taken up as a preliminary step for the subsequent execution of the registered sale deed in favor of your friend.

You may issue a legal notice to reund your funds invested in the purchase to your partner friend on the basis of the evidences in your possession about the transaction you have dalt with him in this regard.


Hope you have evidences of the amount transferred to his account for purchase of the property?

Advocate T Kalaiselvan LawRato