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Society Maintenance Interest Waiver
2 months ago
I have bought flat in auctioned flat on which maintenance is due for last 4 years since flat is vacant. Also there is interest levied on it. Can I get any waiver on maintenance or interest on it. Society Members and chartered accountant are denying to give any concession and claiming that it's total illegal proceedings.
A.Dear Client,
When a buyer purchases a property through an auction, they generally inherit any outstanding dues or liabilities associated with that property. These outstanding dues may include any financial obligations owed by the previous owner or the property itself. It is the responsibility of the buyer to clear these dues after acquiring the property.
In the context of a society, the principle of non-discrimination and the protection of common interests of all members often prevent the society from outrightly waiving the financial liabilities of any member-owner. This is because such waivers could be perceived as discriminatory and may not be in the best interest of the society as a whole.
Therefore, a buyer who acquires a property through an auction should carefully assess and be prepared to clear any outstanding dues associated with the property. This responsibility is typically outlined in the terms and conditions of the auction and becomes part of the buyer's obligations upon acquiring the property. Buyers should conduct due diligence before participating in property auctions to understand any existing liabilities and financial obligations attached to the property.
When a buyer purchases a property through an auction, they generally inherit any outstanding dues or liabilities associated with that property. These outstanding dues may include any financial obligations owed by the previous owner or the property itself. It is the responsibility of the buyer to clear these dues after acquiring the property.
In the context of a society, the principle of non-discrimination and the protection of common interests of all members often prevent the society from outrightly waiving the financial liabilities of any member-owner. This is because such waivers could be perceived as discriminatory and may not be in the best interest of the society as a whole.
Therefore, a buyer who acquires a property through an auction should carefully assess and be prepared to clear any outstanding dues associated with the property. This responsibility is typically outlined in the terms and conditions of the auction and becomes part of the buyer's obligations upon acquiring the property. Buyers should conduct due diligence before participating in property auctions to understand any existing liabilities and financial obligations attached to the property.
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A.Dear Client,
A Buyer of an auction-sold property is liable to clear the dues lying outstanding against the property. A society cannot waive the financial liability of any member-owner outrightly being discriminatory considering the protection of the common interest of all the members of the Society.
A Buyer of an auction-sold property is liable to clear the dues lying outstanding against the property. A society cannot waive the financial liability of any member-owner outrightly being discriminatory considering the protection of the common interest of all the members of the Society.
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