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Selling property
3 years ago
Hi, I am selling a property this week and have got 2 partial payments till now via cheque. The buyer says he'll be providing the remaining amount of 13.5 lakhs via cheque from his personal account during the registration. Can i accept this without any risk ?
Prashant Deshmukh
Responded 3 years ago
A.You can execute "Agreement for Sale" in which you have to mention that amount of 13.5 is balance. Do not give possession till cheque of final payment gets cleared in your account. Another option is to tell the purchaser to make balance payment by D.D.
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Adv. Sarika Khude
Responded 3 years ago
A.You should hire an advocate.
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A.Did you enter into agreement of sale with the party then this problem can be tackled properly.
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Ramachandra Rao Kakulavarapu
Responded 3 years ago
A.No. It's risky deal. Payment through cheque is not considered as payment unless it is encashed.you ask him to give demand draft for such payments
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Narvir Yadav
Responded 3 years ago
A.Yes .but better option is that.u should hire an advocate.who charges a minute amount and help in legal ground..
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