Mrs
5 years ago
Hello sir/madam
As we are in financial difficulty , one of other friend has come forward to assist us financially, but they want our property ( house) registered in their name , but has assured us that as soon as we are able to repay , the property will be registered back in our name. Reg cost will be borne by both the parties both the time.
My question is ,can we put a rider in the sale deed saying that , this reg is mainly for security for loan purpose , that they cannot sell the said property till the stipulated time ( time by which we should repay the amount)after the expiry of the said time , they can do as they pls with this property.
Thank you
Hoping for an early reply
Anonymous
Replied 5 years ago
Ok Thank you sir for your time & patience.
So we make a deed like that & will it have legal hold for us & will it be bindi g on them
Anonymous
Replied 5 years ago
Ok Thank you sir for your time & patience.
Ashish K Dongre
Responded 5 years ago
Anonymous
Replied 5 years ago
Ok Thank you sir for your time & patience.
Ved prakash Shaw
Responded 5 years ago
Anonymous
Replied 5 years ago
Sir, as they have assured i of reregestering our property once we repay ,is it ok to.
Ved prakash Shaw
Replied 5 years ago
According to law sale deed means transfer of ownership from the hand of seller to the hand of buyer.The buyer becomes the owner.The buyer is not bound to retransfer the property in your name.Legally u also can not claim retransfer.So u r going to loose yours property if u r making sale deed in favour of money lendor
Anonymous
Replied 5 years ago
Ok Thank you sir for your time & patience, will see what we can do
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