Hey friend,
Before I share with you who needs to pay the corpus fund. I would recommend, you know the meaning. Corpus fund is deemed as a large amount of funds or cash taken and collected by the builder from the buyer at the time of booking of the apartment. The original owner of the flat needs to pay the corpus fund to the builder. You can object to this, I am sure a lawyer will guide you
You can read more about it from the link given below.
Click here to read Who Will Pay Corpus Fund In Resale Property?
Get expert help on
end to end legal processes including the scrutiny of technical documents only with NoBroker Legal Services.
Need help choosing perfect property for you ? Check out Nobroker Buyer Plan for a dedicated property expert
and more.
Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Hello Sir, I am planning to buy a flat in Andhra Pradesh. We already committed to sale agreement. My seller bought the flat from the builder in 2021, but he didn't pay the corpus fund till date. At the time of sale agreement between us he didn't mention about it. Now my seller is telling me to pay the corpus fund. What are the rights that I have to object it? Is it compulsory that first owner must pay the corpus fund ? Is this legal that my seller is telling me to pay the corpus fund?
Ravi
110 Views
1
3 Year
2022-05-18T02:29:00+00:00 2022-05-22T22:02:10+00:00Comment
Share