Seller asking for money for sale agreement
2 years ago
The seller has pledged his land to a private bank, and I (buyer) have done the full and final settlement (around 90% of sale consideration), a part of the amount on the sale consideration. The private bank will be returning the originals to me in front of the seller (private bank has given same in consent letter), in couple of months time, once they receive it from head office.
Now I want do sale registration, but seller says their negotiation is not complete, and need more money to come for the registration (although the initial advance agreement in 20 rupees unregistered stamp paper mentions the final amount clearly). I suspect this seller will keep asking extra money for every next steps that I want him to do, like coming for originals collection, coming for sale deed, etc.,
I want to complete the negotiation once for all, and quickly remove the dependency with the seller. What is the option I have?. Can I do registration along with pending sale deed when I hand over this negotiation amount, or is there any other better options to get the land.
You can get issue a legal notice and file a suit for specific performance. It is to be filed within 3 years of date of sale agreement. Even unregistered sale agreements are valid as Court will impose some fine and legalize such document.
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You can proceed with your registration because in the light of the current scenario you may be asked to pay unnecessary more money on the various pretexts. Therefore till the time you have good contact with the seller make it done.
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Ayantika Mondal @ Prime Legal
Responded 2 years ago
You can no doubt work your way through registration as a delay on your behalf for registration may cost you a lot in future. Therefore till the time you have good contact with the seller make it done.
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Advocate Sinjari Bandyopadhyaya
Responded 2 years ago