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Advance cheque payment for property
13-Sep-2023 (In Property Law)
The builder is asking us to pay in full by cheque for a ready to move in flat. We gave him a token amount by cheque and asked to provide agreement of sale. But he refuses to provide any agreement and told he will directly do a sales deed after receiving payment. What should I do?
you have receiv any recept for token money for the base create sale agreement than after whenever create sale deed that day bilder sing sale deed and you give cheque for more query contact me i give my best advice
Helpful?
15+
15+
Adv. Hetal Vipul Makwana
Vadodara | 200+ Answers
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Can I pay cash for property purchase?
The Income Tax Act, Sections 269SS and 269. These sections govern the acceptance and repayments of cash loans and deposits. Section 269SS states that no one can accept or take a loan or deposit exceeding Rs. Cash 20,000. 18-May-2023
What are the different modes of payment?
Credit Cards. Credit Cards are a convenient and quick way to conduct financial transactions, no matter how large or small. ...
Debit Cards ...
Automated Clearing House - ACH
Cash. ...
Paper Checks. ...
eChecks. ...
Digital Payments ...
Money Orders
How do you pay for buying a property?
Bank Cheque: Using a bank check is one of the safest methods. The check should be drawn to the sellers benefit or according to their instructions. This provides a record of the transaction. Online Funds Transfer: Online fund transfers through NEFT and RTGS are common.
What is the best way to transfer money for land purchase?
You can get a demand draft at the branch, but you need to pay in installments.
Second, transfer money using INB or Cheque during the first initial registration and mention it in agreement.
Last but not least, make the full payment by Demand Draft or DD.
for eg.
Agreement of sale is mandatory otherwise there are chances of getting cheated.
Send a legal notice to builder demanding the same and if you are not satisfied with the builder then cancel the deal as it's in your benefit.
Send a legal notice to builder demanding the same and if you are not satisfied with the builder then cancel the deal as it's in your benefit.
Helpful?
16+
16+
Adv. Tanu Oza
Gandhinagar | 100+ Answers
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