VIJAY KUMAR (SERVICE) 26 September 2016
Dear member,
I am intended to sale my 1BHK to one party for Rs.25 lacs, but party demand the possession on part payemnts of 10 lacs to my home loan, and remaining after 15 days of registration of flat. He also ready for sale agreement, pls advice shall I go with these terms.
Party giving reason that, what is the assurance that I will give him possession after making full payments before the possession and registrations.
Rgards
adv.bharat @ PUNE (Lawyer) 26 September 2016
Vijay ji we were making agreement for his assurance. What about if he don't pay the remaining consideration after possession? Thats why take the consideration in terms of Demand Draft only and that is before the possession and registration.
U need to draft the agreement carefully by expert advocate.
If u like my suggestion then give THANK on my profile.
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 26 September 2016
Nitish Banka (lawyer) 26 September 2016
Do not give possession on part payment, you need to draft a legally sound agreement.
Warm Regards,
Adv. Nitish Banka
9891549997
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