To know is sale agreement valid after sale deed or not, let me tell you that in India, once a sale deed is executed and registered, it typically supersedes the sale agreement. A sale deed is the final document that legally transfers ownership of the property from the seller to the buyer, and it serves as conclusive proof of the transaction.
Here’s a breakdown of the relationship between a sale agreement and a sale deed:
No, a sale agreement is not valid after a sale deed is executed. Once the sale deed is registered, it generally supersedes the sale agreement.
Sale Agreement:
Purpose: Outlines the terms and conditions of the sale, including the sale price, payment schedule, and obligations of both parties.
Nature: It is an executory contract, meaning it sets out promises to be fulfilled in the future.
Validity: Remains valid until the sale deed is executed and registered.
Sale Deed:
Purpose: Legally transfers ownership of the property from the seller to the buyer and includes the fulfillment of all terms agreed upon in the sale agreement.
Nature: It is an executed contract, meaning the transaction is completed, and ownership is transferred.
Registration: Must be registered with the local sub-registrar's office to be legally valid.
The sale agreement can still be used as supporting evidence in case of any disputes or for reference to the terms agreed upon before the execution of the sale deed.
Get Assistance in Drafting Sale Agreement Via Legal Experts at NoBrokerRead More:
What Makes a Sale Deed Invalid?
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Is Sale Agreement Valid after Sale Deed?
Dhani
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2024-12-30T10:12:47+00:00 2024-12-30T10:12:47+00:00Comment
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