Here is what should be included in your sales contract There are several inclusions or clauses in the sales contract. It will describe the property, the contact details of the seller and the buyer, the negotiated price is mentioned and also how this payment is made. The payment period will be included. There will also be a provision for the payment of stamp duty and for the invoice of the title deed. (e) When the seller does not provide free ownership at the time of performance of the deed of purchase. In accordance with the Indian Registration Act of 1908, any agreement relating to the transfer of shares in immovable property with a value of more than one hundred rupees must be registered. Therefore, if you have purchased real estate as part of a purchase agreement without a correct deed of sale following, you will not get any right or interest in the property that would be transferred as part of the purchase agreement. This absolute rule is subject to the exception provided for in Section 53A of the Transfer of Ownership Act. Section 53A provides that the seller has no right to disturb the ownership thus granted to the buyer, which is the subject of the transfer, while fully aerating to its part of the obligation of the contract. It should be noted that Article 53A offers the proposed buyer protection against the contemptuous and pours out the contemptuous of the buyer`s troublesome property, but it does not heal the buyer`s ownership of the property. Ownership of the property remains in the hands of the seller. Terms of payment: It is up to the buyer and seller to agree on the price of the property and all other expenses related to the transfer of real estate.
This must be included and must be agreed upon by both the buyer and the seller. „Fixed assets may only be transferred by means of a deed of transfer (deed of sale) duly stamped and registered in accordance with the law. We therefore reiterate that fixed assets can only be transferred and transferred legally and legally by means of a registered deed of transfer. What the contract of sale creates is a right for the buyer to buy the property in question under certain conditions. Likewise, the seller obtains the right to obtain the consideration of the buyer if his part of the general conditions of sale is respected. A sales document is a document that proves that the seller has transferred absolute ownership of the property to the buyer.. . .