Original sale agreement is misplaced

The documents in sequence are: 1st Agreement to sell, 2nd Registered Sale Deed

You have bought and have Registered Sale Deed.

Now you have to sign a fresh agreement to sell with next buyer and this agreement is required by bank if next buyer is approaching bank for loan.

The agreement to sell that you signed before buying is not required.

Why it is demanded and required is not understood!

Hi Hardik,

Please note that we have Original Registered Sale Deeds  (First Owner vs Build and First Owner vs Second Owner - that is us). The only missing original document is unregistered Sale Agreement between First Owner and Builder which is not registered and hence it will not be available in Registrar's office.

Thanks Kumar. I have also mentioned the same to new buyer. The Construction Agreement document (again between First owner and Builder - not  registered) which is executed before the sale deed, mentions about the sale agreement document. The First owner signed Sale Agreement for UDS purchase and Construction Agreement for Flat construction (SBA) on the same day. Once the flat construction is over, the first owner and builder executed the Registered Sale Deed that has both UDS and Flat's SBA. In this case, i feel the unregistered Sale Agreement is not mandatory as Regsitered Sale Deed superceded the earlier sale agreement. It seems the bank executive misunderstood the document as Sale Deed and asked us to file FIR and paper notification.

Dear Mr.Nizam,

The bank may not insist for sale agreement between the builder and first owner. The bank will insist you for the sale deed plus the original constructin agreement in which the UDS, Flat location found in the building as a 'schedule of property' for the particular flat.

Sale agreement is the title for UDS of the land only. For the Flat concerned, the Construction agreement is must. If the original is missed, you can alont with the first owner try with the builder a certified copy in stamp paper or a copy in stamp paper to be dated before the original sale deed and get it. 

I am a builder and I had faced similar problems with my clients and solved it.

Wish you good luck!

Hi Thangadurai

Thanks for the reponse. I can get certified copy in stamp paper from the builder.

Regards,

Nizam.

Once the sale deed is registered by first owner in your favour, the sale agreement and construction agreement made with the builder are not necessary.  If the bank insist for giving loan, then take NOC from the Residents Association (in case assn. not formed, from the Builder). The other documents i.e. Building permission etc you can obtain from the Builder/assn.

@ atulit

It has been pointed out many times that you are not at all making any contribution in the thread.

You are only advertising.