Does seller get a copy of sale deed?
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Does seller get a copy of sale deed?
Re : Is it mandatory to give Sale deed copy to Seller after registration. The buyer is probably not legally bound to give the seller a copy of the registered documents, but it is more of a customary thing to give a copy to the seller . In India, some kind of a fraud is always possible, whether u give a copy or not .
Sale deed is required for Legal due diligence on the property so as to avoid any future litigation with the property. It is advisable not to share the sale deed unless and until the negotiation discussion is in advance stage and buyer is genuine.
Is it OK to give photocopy of land title?
You cannot complete the transfer of ownership of a property via sale, using only a photocopy of the Certificate of Title.
What to do after selling deed?
Things to do after buying a home
- Store and digitise. Start by making multiple copies of all the documents related to the property.
- Secure the sale deed.
- Get the property tax records updated.
- Get the resource meters transferred.
- Obtain the society share certificate.
Property can be bought and owned jointly by more than one person. There are some legal and financial implications in such a case that need to be taken care of so as to avoid disputes.
What if sale deed is not registered?
If the sale deed not registered then it doesnot have a validity. Though it can be taken as evidence under section 49 of Registration Act as a proof of valid contract. If the son is not agreeing file a declaration suit in civil court for declaring title of the land. Under registered sale deed is not valid.
Can you misuse sale deed?
Original documents that you have have given to him he can misuse it. The only way to give all payments by cheque to both persons. If any things happens you have a proof that you have paid for property to both owners.
What is a sale deed?
A Sale Deed is a legal document defined under Section 54 of Transfer of Property Act, 1882 which enables seller to transfer property in the name of buyer or it can be defined as a document which indicates the sale and transfer of ownership of an immovable property. How Law Has Defined Sale Deed?
Where can I get a certified copy of my sale deed?
The Registration office has the scanned copy of your Sale Deed with them. But, they will generally not give a certified copy immediately. They will ask you to publish an advertisement in National and regional (local) newspaper about the loss of property documents (Sale deed).
Is it possible to draft a sale deed?
Yes, you can draft sale deed but it always recommended to get it verified from an attorney for proper authentication of documents. 4. From where can I get sale deed registration? Sale deed registration can be done by filing an application at Sub-Registar office in concerned district.
Can a property be sold without a proper sale deed?
So, if you have purchased any property under any agreement for sale, without it being followed by a proper sale deed, you do not get any right or interest in the property purported to be transferred under the agreement of sale. This absolute rule is subject to the exception provided under Section 53A of the Transfer of Property Act.