Validity of registered sale agreement

334 votes

What is an agreement for sale?

An agreement for sale is a promise made by the seller to the buyer. The agreement for sale must be registered for it to be considered enforceable in a court of law.
 

Validity of a registered sale agreement

A registered sale agreement is valid for three years. In the presence of a negative clause in the agreement, for instance, if the buyer is required to register the property within three months, the limitation is then extended by such period.

If full payment is made, and no time limit is mentioned in the agreement, the validity of the sale agreement doesn't expire. In all other cases, the agreement is valid for three years.

LawRato LawRato

831 votes

The agreement for sale is valid for three years. If there is a negative clause in the agreement, say, the buyer has to register the property within three months’, then, the limitation is extended by such period.
It is in your interest you comply with the following in spite of negative clauses favoring you found in the agreement:
If sale is not registered, then, you have to issue notice of revocation and cancellation of agreement even though the agreement is cancelled by flux of time. Validly cancel the agreement. It is always advisable to do this.
It all depends on the clauses framed in the agreement.
It is always good to refund the advance taken.
There are many citations from various courts of law. I think it is not required to be shared at this juncture.
Dr Gubbi S Subba Rao, Advocate, Bangalore

Advocate Dr. Gubbi S Subba Rao LawRato

819 votes

The validity of Sale Agreement the terms of period entered into it. If registration is does not happen you have serve legal notice to the purchaser cancellation of sale agreement and also paper publication.

Advocate Periyaswamy K S LawRato

336 votes

A registered agreement to sell is considered valid for three-years. If there is a negative clause, such as a requirement that the buyer register the property within three month, then the limit is extended.

Advocate Chikirsha Mohanty LawRato