Property sale agreement Property sale agreement

3 years ago

Owner is asking for 15-18% of the deal value for signing the Sale agreement. Please not this is not a sale deed. The next step is to frank the agreement and submit this to the bank for disbursement process.

Ankur Goel @ Complete Law Shield

Responded 3 years ago

A.yes, it is not sale deed. it is agreement of sale. it happens before sale deed.
bank need proof of 20% payment before granting loan for remaining 80%.
If bank giving 85% loan then you have to make payment of 15%
like that


Hope this clarifies,
Advocate Ankur Goel (Complete Law Shield)
#YourLifeYourChoice
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Anik

Responded 3 years ago

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A.Hi,
Yes sire you can opt for disbursement.
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Ayantika Mondal @ Prime Legal

Responded 3 years ago

A.Hi,
If you deem it fit, then go ahead with the disbursement process.
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Kishan Dutt Kalaskar

Responded 3 years ago

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A.Dear Sir,
It all depends upon your comfort.
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