what happens to the agreement if sale registration dosent happen for long time? Please help me as I have to re sell my property
Renu Singh 12 May 2022
what happens to the agreement if sale registration dosent happen for long time? Please help me as I have to re sell my property
Shivam Solanki 0035 Sec_A 12 May 2022
1.
An agreement for sale is a promise made by the seller to the buyer. The agreement for sale must be registered for it to be considered enforceable in a court of law.
A registered sale agreement is valid for three years. If there is a presence of negative clause, the buyer has to register the property within three months, then, the limitation is extended by such period.
If full payment was made during buying of the agricultural land, and no time limit is mentioned in the agreement, the validity of the sale agreement doesn't expire. In all other cases, the agreement is valid for three years.
Advocate Bhartesh goyal (advocate) 12 May 2022
As per Art 54 of Limitation Act agreement for sale can be enforced within three years from the date of its execution or if any date is fixed for enforcement then after expiry of such date agreement can be enfoforced by court within three yeats.
Shashi Dhara 12 May 2022
Issue legal notice wait for reply and sell.