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Registered Property amount not paid by the Vendee
7 months ago
My Wife,Sister,Mother in law, her brother (Vendors ) registered property last year from Hyderabad to Flat promoter . However the amount paid by the builder to his brother account only. Verbally confirmed by brother he will give 1 flat to us after registration. In the sale deed mentioned by vendee the vendors have already received full amount from vendee through bank. The vendors do hereby admits and acknowledge the receipt of the said amount. My wife not received any amount from Vendee and we have not given any acknowledgement to Vendee. Please let me know further course of action.
A.Dear Client,
When the joint owners of the property are executing and registering a property in favour of a single vendee/purchaser, then the vendee can pay out the consideration money of the property to the Bank account of any one owner who is duty-bound to share or distribute the said consideration money to other co-owners or vendors who are equally entitled to share it equally by virtue of their ownership in the jointly owned property. Verbal confirmation is not trustworthy nor acceptable because in the absence of any written deed/documents you cannot seek the specific performance of said assurance. So, if the concerned owner is reluctant or denies to give any written confirmation, then reach out to an Advocate to file a money suit against the person before the Civil Court for recovery of money.
When the joint owners of the property are executing and registering a property in favour of a single vendee/purchaser, then the vendee can pay out the consideration money of the property to the Bank account of any one owner who is duty-bound to share or distribute the said consideration money to other co-owners or vendors who are equally entitled to share it equally by virtue of their ownership in the jointly owned property. Verbal confirmation is not trustworthy nor acceptable because in the absence of any written deed/documents you cannot seek the specific performance of said assurance. So, if the concerned owner is reluctant or denies to give any written confirmation, then reach out to an Advocate to file a money suit against the person before the Civil Court for recovery of money.
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A.Dear
Consult a Real Estate Attorney: You should consult with a real estate attorney who can review the details of the property transaction and sale deed. They can provide you with legal advice based on the specifics of your case and guide you on the appropriate course of action.
Review the Sale Deed: Carefully review the sale deed to understand the terms and conditions of the property sale. If there are any clauses related to the transfer of a flat to your wife, those should be considered.
Seek Legal Remedies: If your wife, sister, and mother-in-law have not received the flat as promised, your attorney can advise you on legal remedies that may be available to you, such as enforcing the terms of the verbal agreement or pursuing legal action against the vendor for breach of contract.
Negotiation: Your attorney may also recommend attempting to negotiate a resolution with the vendor to ensure that the terms of the verbal agreement are fulfilled.
Collect Evidence: Document all relevant communications, agreements, bank transactions, and any other evidence related to the property transaction. This documentation may be crucial in pursuing your case.
Regards
Consult a Real Estate Attorney: You should consult with a real estate attorney who can review the details of the property transaction and sale deed. They can provide you with legal advice based on the specifics of your case and guide you on the appropriate course of action.
Review the Sale Deed: Carefully review the sale deed to understand the terms and conditions of the property sale. If there are any clauses related to the transfer of a flat to your wife, those should be considered.
Seek Legal Remedies: If your wife, sister, and mother-in-law have not received the flat as promised, your attorney can advise you on legal remedies that may be available to you, such as enforcing the terms of the verbal agreement or pursuing legal action against the vendor for breach of contract.
Negotiation: Your attorney may also recommend attempting to negotiate a resolution with the vendor to ensure that the terms of the verbal agreement are fulfilled.
Collect Evidence: Document all relevant communications, agreements, bank transactions, and any other evidence related to the property transaction. This documentation may be crucial in pursuing your case.
Regards
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