Regarding agreement of agricultural land
AKHILESH KUMAR
(Querist) 11 September 2014
This query is : Resolved
Hello Sir,
I want to sell my agricultural land available in Disst Shahjahanpur, Tahsheel powayan, (UP) INDIA.
1. Purchaser wants to seek an agreement for one year in which half of the amount wants to pay me immediate at the time of agreement and rest half will pay me within one year.
MY QUESTIONS ARE-
2. If I create this type of agreement with him then what can be draw back for me in future if-
(a) He deny to pay rest amount within the period mentioned in agreement.
(b) He wants to withdraw & request for refund of his amount paid to me at the time of agreement (Because I will be unable to refund).
(c) What should be the language of agreement which can provide me safety / legal safety on all aspects as well (as a property owner).
(d) I want to add one more thing this property is my real uncle's name who is uneducated and I am his right to next.
Hereby, it is requested that please advise me that I should go with agreement if YES then how can I do healthy agreement without any kind of draw back.
AKHILESH KUMAR
Mob- 8808863665
Kumar Doab
(Expert) 11 September 2014
First of all::::::as posted by you:::::Why would you be unable to unable to refund?
You can not sign the sale agreement until or unless you are owner/have power to sell.
A lawyer dealing in property matters can help you to draft sale agreement covering all of your points and to safeguard your interest.
Rajendra K Goyal
(Expert) 11 September 2014
If you want to enter such agreement, get it duly drafted by your lawyer as the matter is of huge amount and the amount paid to lawyer would prove its worth.
Raj Kumar Makkad
(Expert) 12 September 2014
I do agree with the advice of the experts.
Surrender K Singal
(Expert) 20 September 2014
You are not handing over possession till final payment ? If he defaults in payment of balance, then his initial deposit being in the nature of Earnest Money (bayana) gets forfeited after the committed date of final payment lapses; Such clause is surely needed in the agreement.
