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would it be safe to sign a sale deed prior to registration
20-Jul-2023 (In Property Law)
Hello, I am selling my flat and the buyer is insisting that the signing of the sale deed draft be done a day prior to the registration inorder to save time. 50% payment is from bank and 50% is from the customer on day of registration. My query is, would it be safe to sign the draft the day prior to registration or any risk involved? Thanks in advance and God bless.
In most transactions the signing is done earlier to prevent delay on the day of registrations. You could also have the purchaser pay u the 50% in advance and balance dd will be issued by the bank after registration is completed.If you have doubts pls ensure that the bank demand draft details are incorporated in the deed of sale also request for a photocopy of the demand draft which is issued by the bank so that u know the payment details are genuine.
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Adv. Shane Dias Sapeco
Goa | 25+ Answers
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Paper work can be done a day before the registration and that is what normaly we do, however if u dont have faith on the buyer and u anticipate some fishi things which u will bw the best person to experience, in that case u ask the buyer that u will sign the papers in the registration office only on the day of registration.
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Adv. Siddesh Gurudas Goltekar
Goa | 25+ Answers
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