After the introduction of RERA, the agreement between the owner and the buyer must have clearly defined all possible terms and conditions in the agreement. All RERA-registered projects should list the same projects. Both parties must now ensure that the agreement complies with the rules established by RERA and that the project is also registered under RERA. The agreement must cover the full information provided by the seller. These include the name, address, PAN number and information from the father`s bank account. It must also provide accurate information on the location of the property and on the communal service, tehsil (administrative service) or on the collector`s record land number. The agreement should be attested by two people, each on the buyer`s and seller`s side. Also check dispute resolution clauses and amenities and other specifications in your home unit. Check to see if they are given to you if you have the property. The agreement will help you to require these amenities if the owner does not provide you with the same thing.
The document will also help you develop your own legal rights to ask the owner for something in the event of a legal issue. Sign the agreement once you have carefully reviewed and read it correctly. „The payment plan clause determines the total amount to be paid and the period in which it must be paid,” Hariani said. „In cases where payment is made in increments, the payment plan provides details of each tranche. This will avoid any ambiguity that may arise in the future,” Hariani said. The contract must obtain full payment details from the buyer, including the mortgage, if applicable. Yes, if the owner receives a sales deed registered in your name, then you will receive the country tile. „The seller must confirm the authenticity of the title documents and the transfer of ownership in the contract,” Puri says. „It must also make it clear that the transfer and transfer of ownership is done in a legal and fully tested manner.
The agreement must take into account the fact that all taxes related to the property have been paid up to the date of the transfer. In addition, the contract must fully compensate the purchaser for any litigation related to Deminproperty and the possession of the property. The seller must confirm the authenticity of the title documents and the transfer of ownership in the contract.