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Author Topic: Is sale agreement legally safe  (Read 846 times)

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Offline Ajay

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Is sale agreement legally safe
« on: June 26, 2015, 09:12:47 PM »
I am looking to purchase a commercial property in Bangalore which is under construction. Builder is expecting the full payment of the deal amount at the time of making sale agreement and one of the terms in the agreement is that the builder would pay interest amount till the time of sale deed(which would be done at the end of construction of property, 9 months from now).

In case if the builder defaults the terms, is the sale agreement viable to take legal action on the builder ?
What is the best way to enter the deal which would give me legal support in this case ?
Appreciate your valuable advice.

Thanks
Ajay

Offline advocate-lyngdoh

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Re: Is sale agreement legally safe
« Reply #1 on: June 26, 2015, 10:48:22 PM »
sale agreement means nothing, sale deed is the main thing.

Now if the builder has any wrong intention there are chances you will lose your money, and a long legal battle ahead
Advocate Lyngdoh
Laitumkhrah, Shillong

Offline Ajay

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Re: Is sale agreement legally safe
« Reply #2 on: June 26, 2015, 11:07:56 PM »
Thank you!

 

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