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Judgement On Full Amount Paid On Agreement Of Sale Of Immovable Property - Vanessa-Mobilcamping

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Judgement On Full Amount Paid On Agreement Of Sale Of Immovable Property

25. September 2021

A will is a legal statement of the deceased`s intention with respect to their property. The will will be executed only after the death of the deceased. There is absolutely no right to the legatee (the person who inherits) until the death of the deceased. It has no effect during the lifetime of the deceased that comes into effect after his death. A sales agreement protects the interests of both parties and clearly specifies the conditions under which the seller intends to sell the property and under what conditions the buyer intends to buy it. This makes it possible to conclude the transaction smoothly, without quarrels, confusions and misunderstandings. What the sales contract 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 contract for the sale of immovable property is a contract that provides for the sale of that property under the terms agreed between the parties“ – section 54, section 54, states: „It does not in itself create interest or calculate the property properly.“ It does not in itself justify any interest or calculate these assets properly.

Signing a sales contract becomes important given several factors. First, it is legal proof of the conclusion of an agreement between the buyer and the seller on the basis of which, in the event of a dispute, the future action will be decided. Even if you apply for a home loan, the bank would not accept your application until you sign a sales contract. The deed of sale is the most important legal document by which a seller transfers his right of ownership to the buyer who then acquires absolute ownership of the property. In cases where you have purchased and taken possession of real estate under a contract of sale, title to the property remains in the hands of the developer, unless a certificate of sale has been executed a posteriori and registered under the Indian Registration Act. Thus, it is clear that a title to immovable property can only be transferred by a deed of sale. In the absence of a duly stamped and registered deed of sale, the buyer of the property does not have the right, title or interest in a property. 36. The definition is that, in order to justify a sale, ownership must be transferred from one person to another, that is, the transfer of all rights and shares in the immovable property that he owns must be transferred from him to another person. The assignor may not retain any part of his share or right in such property, otherwise it would not be sold. The definition also specifies that the transfer of ownership must be for a „price paid, promised or partially paid and partially promised“.

The price is therefore an essential element of the sales activity. The words „price paid or promised or partially paid and partially promised“ indicate that the actual payment of the total price at the time of execution of the deed of sale is not sine qua non for the conclusion of the sale. Even if the total price is not paid, but the document is executed and then recorded if the property has a value greater than Rs. .