A purchase agreement is an agreement to sell a property in the future. This agreement sets out the conditions under which the property in question is transferred. The Transfer of Ownership Act of 1882, which governs the purchase and transfer of real estate, defines the sale contract or sales contract as: “A contract for the sale of real estate is a contract to sell the property under the terms set out between the parties” – Section 54. Section 54 adds: “It does not in itself create interest or royalty for such a property.” 2. If so, send the other party a letter of retraction informing them that the agreement is cancelled for non-compliance with the conditions, 3. If so, send him a letter to terminate the deal as suggested in my previous article and relaunch your sales trip. If you buy a website for the construction of a house (in this case it is called the construction purchase contract) or an apartment to a contractor, the sales contract is a document that you must thoroughly verify before signing. After signing, you can`t counter what`s on it. Any power of attorney, including a general or special power of attorney, begins with a brief recognition of ownership and description of ownership and declaration of intent to sell them. Second, the reason for the enforcement of the power should be clarified and the details of incapacity to work should be mentioned in detail.
In 2012, the Supreme Court, in the devaluation of the practice of selling real estate by proxy, maintained as under: Finally, in cases of replacement of a power of attorney, the power of attorney should be granted to a person of trust and only in exceptional cases in accordance with the current legislation. Always keep in mind that developers always tend to protect their own interests and hinder the seller`s interest, so that the seller should sometimes be informed of his rights and take the help of a lawyer when executing a deed of sale. The Supreme Court of India in 2012, in the case of Suraj Lamp – Industries (P) Ltd (2) /State of Haryana, while the treatment of the validity of the sale of real estate by proxy, concluded as follows: This means that any agreement to sell or sell the facts that is not registered is not valid and cannot be considered valid evidence in court concerning such property. Nor does it give power over the property or a right. Therefore, it is of the utmost importance to enter into an agreement to sell or sell the facts in order to complete the sale or transfer of real estate. Section 49 of the Registration Act 1908 deals with the effect and validity of an unregured document to be recorded. It says that the terms of a sales contract are important because they will deduct anything that will lead to success. The Transfer of Ownership Act of 1882, which extends to the whole of India, finds in Section 53A that if a buyer has paid the part of the consideration and taken possession of the property in accordance with the terms of the contract and such a transfer is not registered, the purchaser is excluded from asserting his rights to that property against the purchaser. This is true when the document is not registered, but it contains its provisions, such as the term “locked-in property,” which is not defined in the Transfer of Ownership Act of 1882.