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
Ashish K Dongre
Responded 5 years ago
Ved prakash Shaw
Responded 5 years ago