Sale of immovable property
Essential terms of purchase and sale contracts for immovable property-Part 2
The “transfer of property” means an act by which a living person conveys property, in present or in future, to one or more other living persons. The instrument of sale perfected by execution and registration Deed of Sale. Sale By Section 54 of the Transfer of Property Act 1882, is complete transfer of ownership, no […]
Essential terms of purchase and sale contracts for immovable property-Part 1
The transactions involving sale or purchase of immovable properties need to be handled with utmost care, transparency, honesty and dignity. If these are followed, a lot of heartache and drainage of investment can be avoided. However a common citizen may not be aware of the legal stipulations or obligations while transacting in immovable property. Section […]
