Dear All,
Lets say,
A(First Party) and B(Second Party) , they both had amalgamated the property and give it to C (Developer/Promoter) for constructing multi stored G+3 Building. Where development agrement and POA done subsequently. Developer get 50% and owner get A(25%)+B(25%) = Total %50 as an owner allocation.Developer also gave owner allotment letter to both A&B
Now i'm purchasing the flat from B(Second Party) as part of owner allocation through bank home loan.
Can you please suggest do i need to add A(First Party) as a vendor in sale agreement ? if yes then when bank will disburse the loan amount will both Party A & B name mention on bank cheque? Or Only B since i'm purchasing from B
Thank You.
