Hello Experts,
Me and my wife have recently purchased a very small shop in an local shopping complex in Gurgaon, constructed and developed by Unitech. The owners Mrs.X & Mr. X are the orignal allotte from Unitech & had purchased this property in the year 2000. The Sale Deed also includes both the names Mrs. X and Mr. X.
Now the condition they mentioned before going into a mutual agreement is that all the payment made by me would be only and only in the name of Mr. X ( who has a second applicant in the sale deed ) & there shall be a particular language which would be added to the agreement and the sale deed mentioning about the same and also Mrs. X would provide us with a i-BOND(s) mentioning that she / they don't have any problem in recieving the payment in any of the name(s) and the payment made in who so ever's name will be considered as full and final. Mrs. X is here in India and would also accompany Mr. X at the registry and would even sign and get clicked at where ever required in the legal procedure. Although, we have agreed to this but still like to know if this should not really have any problems later on and if there are any other precations or documents we require extra towards the same. Also please help for the language or clause to be added in the sale deed, agreement to sell and the i-BOND(s). Also if they both require to give an i-BOND or is it only required by Mrs. X.
A quick reply shall really be appreciable.
Regards
Asheesh Arora
