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Can the agreement be valid after 20 years
02-Aug-2023 (In Property Law)
My father entered in to agreement of sale on Rs.100 stamp paper on 31-12-1997, buyer gave advance and also took a letter stating that the possession of property is given to them, they agreed to pay some amount on 4-1-1998, but they did not pay, and my father passed away in 2003. The buyer never paid the balance and did not get it registered. Now the buyer is planning to sell the property basing on the possession letter and agreement. Please inform me whether the agreement is still valid after 20 years.
No the agreement is not valid they can be considered as trespassers and the court will direct then to leave the place basing on registration of property on your name you can even sell the property to others
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Adv. Akshay Gupta
Hyderabad | 200+ Answers
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Is agreement of sale a valid document?
A sale agreement that is not registered will be invalid in the eyes and law. In the event that the builder fails to deliver the property in accordance with the sale agreement, you cannot enforce the contract through the court.
How long is an unregistered sale agreement valid?
A contract of this type will remain valid for three full years after the date of execution. If there is a negative clause, such as a clause that states the buyer must register the property within three months of signing the contract, the limitation period will be extended.
What is the Supreme Court Judgement on agreement to sale?
The Supreme Court has ruled that although an Agreement to Sale does not transfer ownership rights to an immovable, if the prospective buyer performs their part of the agreement and takes possession of the property then they are said to have acquired possessory titles and the same applies... 07 Jun 2023
Is agreement to sell a valid contract?
A contract to sell is between a seller, and a buyer. The seller agrees to give the property or asset to the buyer for a specific price. A sale agreement is another name for the agreement to sell. This agreement is used to sell immovable properties such as buildings or land. 11-Nov-2022
If the Agreement of Sale is not registered, it is not valid. The Agreement of Sale is valid up to 3 years only, therefore the Agreement of Sale not is invalid since not payment done by the Vendee i.e., Purchaser. You can file a suit for Cancellation of the Agreement before the concerned court and get it cancel and you can acquire your property.
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Adv. Goturu Krishna Rao
Hyderabad | 100+ Answers
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No the Agreements are usually time bound, whats actually the clauses of Agreement and the possession letter must be seen to give proper advice but possession needs to be proved otherwise they claim adverse possession.
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Adv. M Krishna Chaitanya
Hyderabad | 100+ Answers
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A sale agreement that is not registered has a validity period of three years. If there is a negative condition in the agreement, for example, that the buyer must register the property within 3 months, then the statute of limitation will be extended by this period.
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Adv. Chikirsha Mohanty
Delhi | 200+ AnswersCONTACT NOW
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