Hello All
My query is that I am all set to buy a flat in Pune. It is a resale deal. Now the seller has an outstanding loan on that property. Shouldnt this be mentioned in Agreement to sale docuemnt. Please advise.
asha (others) 08 February 2012
Hello All
My query is that I am all set to buy a flat in Pune. It is a resale deal. Now the seller has an outstanding loan on that property. Shouldnt this be mentioned in Agreement to sale docuemnt. Please advise.
sridhar pasumarthy (ADVOCATE) 08 February 2012
Dear Asha,
It is the duty of the seller to disclose the encumbrances, if any, over the property proposed to sell in the agreement.
adv. rajeev ( rajoo ) (practicing advocate) 08 February 2012
Let him clear the debt. You can also do onething you can directly credit the amout to the seller
's loan a/c, but prior to do so you get the agreement of sale
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