there is a difference between the sale and sale agreement or the sales contract. in your case, that is, the purchase of sale contract, there is no right, because there is no consideration at the time of the agreement. in some cases, you can give serious money. There are a large number of projects in progress in which the developer may have asked the buyer for more than 10% of the cost of the property under the ATS and may have been donated by him, which were (in the absence of requirement) and are still not registered. The Tribunal had held, on the basis of legal provisions, that the contract for the sale of real estate in Uttar Pradesh should be a registered document and that it was an unregulated agreement on the sale of real property as evidence. Therefore, it should be concluded that the RERA Act 2016 on the Law of Registration in Power must be sold for the purposes of the agreement, because the sale agreement does not provide clear title, but can be implemented in court, in accordance with the provisions of the RERA Act 2016. Any transaction related to the sale of real estate must only be understood by a registered document. 1. The buyer can obtain a loan on the basis of the contract. As this does not lead to the mortgage of your property, the responsibility to repay the loan lies directly with the buyer. A sale agreement is an instrument by which the seller agrees to transfer the property to a buyer if certain conditions are required, but does not create the buyer`s property on the property. Ownership of all land should be clear and marketable, and it is said that it is done as such when executing the deed of sale. However, in practice, buyers make a sales contract as a precautionary measure, although they are aware that it does not create title to a property.
A deed of sale is considered an authentic instrument and also establishes a clear title to the property, since it is a document subject to the obligation, pursuant to Section 17, paragraph 1, of the Registration Act 1908. However, section 13 of the RERA Act 20161 stipulates that a sales contract must be registered. Although this is not the case with the Registration Act 1908. Therefore, the validity of the sale agreement always becomes an unresolved conflict. However, despite the legal provisions, many buyers complain that most developers are not interested, even if they want to register their sales contract.