Agreement to Sale
8 months ago
I purchased a property recently but the registry of that property hasn't been done yet. A buyer is interested in my property and wants to buy it.
How should I execute it?
Should I sign an agreement for sale with that person (buyer)? Also, should agreement be done necessarily on a notarized paper or a simple agreement on a plain paper?
Please guide on how I should go about it?
A.Dear Client,
According to Transfer of Property Act, 1882 the property cannot be sold before registration.
The act also states that if the property is not registered in your name, you do not have the legal right of ownership over that property.
According to Transfer of Property Act, 1882 the property cannot be sold before registration.
The act also states that if the property is not registered in your name, you do not have the legal right of ownership over that property.
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