A deed of purchase is mandatory under the Law on transfer of ownership It is necessary to benefit from a special guarantee for the purchase of commercial real estate. Therefore, this document can usually be made when transferring a trust or residential property or when selling a commercial property. For an agreed price, a subsidy instrument transfers shares in an estate from the seller to the buyer. It guarantees that the seller owns the property without any debt. However, it does not offer any guarantee as to defects in the title, such as the warranty deed. “The registration of the property in the name of the new owner (buyer) is mandatory with the registration of the deed of sale. The Registration Act of 1908 is the law in force that sets the stamp duty to be paid. This must be done within four months from the date of execution of the deed of sale. These were the general clauses found in almost all certificates of sale. Apart from that, there are other clauses that the parties wish to include in their deed of sale in accordance with their agreement,” says lawyer Tanuj Aggarwal What the sales contract creates is a right for the buyer to buy the property in question under certain conditions. Likewise, the seller obtains the right to obtain the consideration of the buyer if his part of the general conditions of sale is respected.
The agreement looks like an act of division and you can see an example here. The agreement must contain the names of all family members whose decision is important in this regard, the details of the ownership of the property and the specific conditions of this distribution of the property. It is recommended to indicate all the details of the property with the house number, the surface and even a site plan, if possible. This clause is added in a deed of sale in order to ensure that the property, when sold to the buyer, is free of charges, for example: This clause contains the description of the parties to the deed of sale. It mentions the details of the buyer and seller such as names, addresses, age, contact details, trades and the date of execution of the act. …, it was found that the difference between the amount mentioned in the contract of sale and the registered deed is that the consideration is provided for in the future agreement. on the department, after the auditor had given an explanation of the difference between the amount mentioned in the registered deed and the contract of sale, I would not have been sufficiently relieved of. The difference between the amount, i.e.
the contract of sale and the registered deed, was due to certain considerations relating to future liabilities, for example.B. to help the expert purchase additional land. . . .