LawRato

regarding loan and Agreement for Sale


15-Sep-2023 (In Property Law)
I am selling my property in Mira Road. In the Agreement for sale - the payments give are mentioned. Is the Bank Load instrument no mentioned in the sale deed or does the buyer apply for loan after the agreement for sale
Answers (1)

Answer #1
709 votes
Sir,
Since you are seller you need to take precaution that the buyer should pay the consideration amount within stipulated time period and also the Agreement to become null and void if he fails to make the payment.

The buyer would have prepared the sale deed hereby property would have transferred immediately irrespective of payment of balance consideration amount.

you need to get your agreement checked and corrected through Advocate or person having adequate Legal knowledge.

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.

Report abuse?

Comments by Users

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."