Late payment penalty Late payment penalty

1 year ago

How many days before should builder inform buyer for payment

Anik

Responded 1 year ago

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A.Good evening!
Payment schedule depends on your contract (Agreement to Sell). The due date and the installments would be mentioned in the same. The consequences for breach would also be mentioned.
Go through the agreement and look for the consideration/payment clause.
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Vidhi Samaadhaan Vidhi Samaadhaan

Legal Counsel Vidhikarya

Responded 1 year ago

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A.Go through the payment schedule in Agreement to Sale executed between you and builder where due date of payment, No of installment of payment of balance consideration and consequences of non payment are stated.
In case of failure to maintain that schedule, buider may call you.
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Vidhi Samaadhaan Vidhi Samaadhaan

Kishan Dutt Kalaskar

Responded 1 year ago

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A.Dear Sir,
It depends upon private contract or sale agreement or any other document between yourself and your builder.
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Vidhi Samaadhaan Vidhi Samaadhaan

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