90,000+ Legal Questions Answered
Regarding Bank account details mentioned in Sales Agreement
1 week ago
We have received Sales Agreement Draft for purchase of flat from Builder. It mentions Agreement cost to be paid in Bank 1 and GST, Stampduty, registration, legal, society formation in Bank 2. Further we have received a email stating Stampduty and registration fees to be paid in Bank 3. Can we get this information updated in Sales Agreement.
A.Dear Client,
Builders typically draft sale agreements to favor their interests, but as a party to the agreement, you have the right to modify terms that affect your interests. If the housing project is registered under RERA, you can access a draft agreement on the official RERA website, designed to protect homebuyers. You can request the builder to use this draft agreement, and if they refuse, you have the option to file a complaint with RERA. Sale agreements must be registered under Section 13 of the RERA Act 2016. Therefore, it's advisable to have any draft agreement reviewed by a real estate lawyer to ensure your interests are adequately protected.
Builders typically draft sale agreements to favor their interests, but as a party to the agreement, you have the right to modify terms that affect your interests. If the housing project is registered under RERA, you can access a draft agreement on the official RERA website, designed to protect homebuyers. You can request the builder to use this draft agreement, and if they refuse, you have the option to file a complaint with RERA. Sale agreements must be registered under Section 13 of the RERA Act 2016. Therefore, it's advisable to have any draft agreement reviewed by a real estate lawyer to ensure your interests are adequately protected.
Helpful
Helpful
Share
A.Dear sir,
You must insist with builder to mention all those details in clear in the sale agreement. Before entering in to agreement get some feed back about such builder because he seems to be some complicated person.
You must insist with builder to mention all those details in clear in the sale agreement. Before entering in to agreement get some feed back about such builder because he seems to be some complicated person.
Helpful
Helpful
Share
A.Dear Client,
Usually, the contents of a Sale Agreement made by the Builders remain pro-builder guarding the interest of the Builder. But as a party to the said agreement you have the right to amend any terms and conditions of that agreement that directly or indirectly affect your interest. If the housing project is a registered project under RERA, then a draft agreement for sale is available on the official website of the RERA of almost all the states across the country which is made to protect the interest of the home buyers. You can ask your promoter to follow the said draft agreement for sale and if they deny it, you can make a complaint against the Promoter before the RERA. A sale agreement must be registered under Section 13 of the RERA Act 2016. So, it is always advisable to get the draft agreement for sale as drafted by the Promoter checked and verified by an Advocate dealing with real estate matters to ensure and protect your interest in the right way.
Usually, the contents of a Sale Agreement made by the Builders remain pro-builder guarding the interest of the Builder. But as a party to the said agreement you have the right to amend any terms and conditions of that agreement that directly or indirectly affect your interest. If the housing project is a registered project under RERA, then a draft agreement for sale is available on the official website of the RERA of almost all the states across the country which is made to protect the interest of the home buyers. You can ask your promoter to follow the said draft agreement for sale and if they deny it, you can make a complaint against the Promoter before the RERA. A sale agreement must be registered under Section 13 of the RERA Act 2016. So, it is always advisable to get the draft agreement for sale as drafted by the Promoter checked and verified by an Advocate dealing with real estate matters to ensure and protect your interest in the right way.
Helpful
Helpful
Share
Read Related Answers
Inheritance Rights Dispute Over Mothers Property in Bengaluru
Dear Client,
A property when left by the deceased owner intestate i.e, without any will, is devolved upon the surviving legal heirs in equal share following the law of inheritance/succession. After t...
EWS Certificate
Dear Client,
The death certificate of a deceased person is a crucial document that is mandatorily required for the issue of a legal heir certificate either by the Municipal Authority or to apply for a...
POA from SriLanka to India citizen Resident Indian
Dear client,
If the seller of the property is not now in India, he can still execute a POA abroad, but the process is slightly different. His first step is to visit the Indian Embassy or Consulate in...
Darkast agriculture land sale
Dear Sir,
If there is perpetual restraint from selling the land then the grandson cannot sell without the permission from the Deputy Commissioner. The conditions in the Darkasth to be read.
Mutation of property in authority records based upon registered gift deed
Dear Sir,
Yes, the mutation will be taken place as jointly in respect of your respective wives. You have to produce certified copies of both the Gift Deeds.
Read Blogs on Property
Property Lawyers
Find Lawyers by Location