1.3 Years of delay is for the filing of the case by the buyer or seller.this does not mean that the contract remains valid for 3 years.3 years are prescribed in which you can file the case. 2. Immediately give a legal indication that the contract is cancelled, given that they are in default of payment under the sales contract and the amount of tokens you took expires because they did not respect the agreement. Submit a reservation to the court so that they cannot make you a stay. Reserve files quickly. You can sell the property to anyone. A.Satyawati These terms are well known to everyone, we are all aware of their use in the sales process. Since there can be no sale through the execution of a power of attorney, nor transfer through the execution of a contract of sale, power of attorney and will. A certificate of sale is usually issued as an extension of a sales agreement and an MPA. This is preferably the best way for the buyer to carefully inspect the sale property. But there are many hoaxes and misunderstandings about the validity or negative effect of these conditions.
Even if the signing of the sales contract does not mean that the sale is over, it is a decisive step in this direction. For this reason, buyers need to know precisely the conditions set out in the agreement. Section 17 of the Registration Act 1908 clearly states that all documents containing contracts for the transfer of immovable property such as land, buildings, hereditary allowances, fishing, ferries, lights, the extended right of Section 53A of the Transfer Of Property Act must be registered. To simplify this, we can say that an unreg registered agreement is not valid proof of entitlement to real estate. The most important clause of GPA OR SPA is the appointment clause that confers the validity of the appointment of the second party as the legitimate and true lawyer of the client. 3) Contact a local lawyer, terminate the contract and refund the money paid in accordance with the provisions of the sales contract 1. Was there a termination clause in the said agreement, which stated that the contract would be automatically terminated (and that the money pre-existed) if the other party did not pay the balance within the agreed period of 4 months? (i) amend the Registration Act 1908 by Amending Act 48 of 2001 with effect from 24.9.2001, under which documents containing a contract of assignment for pecuniary interest (contracts of sale, etc.) relating to immovable property within the meaning of section 53A of the Act are registered; and 8) If the buyer refuses to accept the termination of the registered sales contract, you may take legal action to bind the buyer for a given performance in order to pay the balance The continuation of the Delhi Court`s note to Asha M. Jain v. On the same day, Madurai Principal Sessions Judge G Ilangovan granted early bail for registration of documents without prior verification to two sub-registrars arrested by the Dindigul District Crime Branch. . . .