How to deal with unsigned flat buyer agreement
04-Jun-2023 (In Property Law)
1.This property was first purchased from the builder by A. B purchased it from A in July 1976 and paid balance 90% payment to builder. 2.B signed on the builder’s format stating please transfer the above shop on floor ground in my name. I hereby agree to abide by the terms and conditions of the flat buyer’s agreement referred to above and accept the rights and liabilities thereunder. Builder approved the above. 3.Builder also gave a letter dated 7.1.1977 stating that it is certified that Mr. B, R/O……….. has purchased a shop no……… measuring ……….sq.ft. On ground floor plot no……Builder also gave B a letter dated 20.01.1978 stating that since you have cleared all your dues the temporary possession of the above shop which was given to you should now be treated as permanant. 5.Builder gave me the possession and gave a possession letter stating this is to certify that shop no….. ground floor situated in…. i owned by Shri B, reside
Your case is covered under section 53A of Transfer of Property Act.
Since your exact query is not clear, what can be ascertained is that the entire transaction has been completed vide letters and no agreement has been entered into.
It is advisable to immediately execute a sale deed and get is registered after payment of appropriate stamp duty for the transaction.
Since your exact query is not clear, what can be ascertained is that the entire transaction has been completed vide letters and no agreement has been entered into.
It is advisable to immediately execute a sale deed and get is registered after payment of appropriate stamp duty for the transaction.
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.
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