Sale agreement is a contract signed between the buyer and the seller once they reach a verbal agreement about property sale.
An agreement of sale mentions the terms, conditions and other crucial aspects of the future sale.
The Transfer of Property Act, 1882 regulates the matters dealing with the sale and transfer of house property, defines the contract for sale or an agreement for sale as under Section 54:
“A contract for the sale of immovable property, is a contract that a sale of such property shall take place on the terms settled between the parties”
Section 54 further provides that “It does not, of itself, create any interest in or charge on such property.”
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What is an agreement of sale property?
Shwetha
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2023-02-01T09:53:04+00:00 2023-02-01T10:04:37+00:00Comment
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