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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.
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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.
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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.
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