Validity Of Sale Deed Agreement
3) In your case too, since the unregord use of sales dates back to 1996, the Statute of Limitations applies. In cases where you have acquired and taken possession of a property under a sale agreement, the title to the land will still remain with the developer, unless a sales record has been subsequently executed and registered under the Indian Registration Act. Thus, it is clear that a security in a property can only be transferred by a deed of sale. In the absence of a deed of sale duly stamped and registered, no right, property or interest for a property, the buyer of the property. A buyer should always be aware of the words cited by the Indian agreement as well as the deed of sale, because he tends to protect his interest. The buyer should be aware of fraudulent sellers and always check. There have been many cases where the purchaser treats the letter of award as if the principal granted the rights to the property and in the eyes of the law, even after the payment of the entire amount is not the owner of the property mentioned. Remember here that both parties must respect the terms of the sale agreement. Any party that does not comply with any of the terms of the agreement could be brought to justice if the other party so wishes.
All parties involved should also ensure that this document can be used as legal evidence before the court of law and that all those who have agreed to comply with the conditions are required to do so. A sale agreement protects the interests of both parties and clearly defines the conditions under which the seller intends to sell the property and the conditions under which the buyer intends to acquire it. This facilitates the smooth conclusion of the transaction without quarrels, confusion and misunderstandings. The sales status remains valid from the day of their execution, there is no time limit for the same. It precedes the execution of a deed of sale. This contract is signed and executed by the seller and buyer on a non-judicial stamp document. It has legal value and may, if necessary, be presented in evidence in court. The agreement defines the procedures leading to the execution of the deed of transport or sale. It records the agreement reached between the parties and binds the two parties. 3) in your case father property sold in 1996 . The registered sale deposit must include a clause on how the sale should be executed within the x sale period, if the sale order is not registered, then the part of the sales contract cannot bind the other party 2 to execute the deed of sale. In this case, you are not a party to the sales contract and after the death of the party, this agreement becomes unusable and is not legally binding.