Cancellation Of Unregistered Sale Agreement Format
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. In T.G. Ashok Kumar v. Govindammal, (2010) 14 SCC 370 the Supreme Court ruled that the buyer would not obtain a legal right to the property unless the deed of sale is duly registered and confirmed by the witness. Is there a provision in the termination agreement on your part A sales contract is a legal document that defines the conditions under which the sale of the property is made from the seller to the buyer. It also contains details of the consideration for which the property is sold. The agreement completes all the essential conditions and a schedule for future payments that the buyer must make to the property. It is the most important document because it facilitates the entire flow and process of selling and transferring real estate. Dear Sir, I am the seller, I have made an agreement with the buyer for my sale. According to the agreement, registration must be completed by 26 April 2020, i.e. 60 days after the date of signature of the contract. However, the COVID lockdown did not allow the recording to be completed.
Under the agreement, it was also mentioned that the balance, which has not been paid by the buyer to the seller within 60 days, must be paid. Now, the seller wants to terminate the contract, as he was not able to continue paying loans for housing construction during the lockdown. There are no clauses mentioned in the agreement. Only to be registered within 60 days and pay the balance. What can the seller do now? If the seller refuses to register after the block, for example. .