Query regarding 8 months gap between sale agreement and sale deed
2 years ago
Due to covid situation there is a gap of 8 months between sale agreement and sale deed. I did the sale agreement for my flat in feb/20 and closed my loan of 20L with the cheque i got from buyer and also buyer paid me token money and down payment of around 10Lakh and later 3 lakh also when i asked money for buying new flat. So buyer invested approx. 33Lakh in this flat, while 7L was yet to be paid to me. I stayed in that Flat for 8 months without paying rent or interest or EMI. While the buyer was paying EMI to the bank every month for the 20L cheque buyer gave me to close my loan account in addition to token money and down-payment during my stay in that flat. And property tax was also paid by buyer for that tenure. Now buyer is asking me to pay rent/interest for those 8 months. I don't want to cheat on some body, so I want legal opinion on this what should i am supposed to pay to the buyer .... rent, interest or not at all?
You seems to be a very honest person. You need to pay only rent at the market rate and not interest.
Ankur Goel @ Complete Law Shield
Responded 2 years ago
Ayantika Mondal @ Prime Legal
Responded 2 years ago
You are legally libale to pay the buyer the interest amount and the rent for the duration of 8 months as you have enjoyed the property for 8 months.
Since you enjoyed the property, you are liable to pay the interest/rent for the duration of 8 months to the buyer.
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