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virender singh (manager maintenance)     01 April 2014

Property

Hi,

generally after selecting the property,roughly 25% of total amount(beyana rakam) is being paid as token money and docs are

written by lawyer fixing the date for registration of property on mutual written context,,and in the end of this doc is written that if buyer refuses to buy that ,the amount given as token money wont be given back to buyer and if seller refuses to register the property in buyer"s name then seller would have to pay the double amonut of token money given by buyer to seller.

i want to know whether this is legal since once i had come to know that seller had challenged this doc and never   paid the double amount to buyer only returned 25% that he had taken as token money from buyer.

Regards,

Virender SIngh

 



Learning

 1 Replies

kavksatyanarayana (subregistrar/supdt.(retired))     02 April 2014

it is not legal.  the agreement be made on mutual consent of parties. it is for information only


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