B. The seller must keep a separate account for the amounts the seller receives from the seller of the apartments in the form of advance or deposit received because of the legal fees and the execution of other documents to be completed, and uses the amounts only for the purposes for which they were received and after the transfer of that property. balances are transferred from sellers to home buyers. The deed of sale is the most important legal document by which a seller transfers his right of ownership to the buyer, who then acquires the absolute ownership of the property. A deed of sale is a legal document that proves that the seller transferred absolute ownership of the property to the buyer. Through this document, the rights and interests of the property are acquired by the new owner. A deed of sale generally consists of the following information – In accordance with the Indian Registration Act of 1908, any agreement to transfer interest on a property worth more than one hundred rupees must be registered. Therefore, if you purchased a property for sale as part of an agreement without a good state of sale, you will not receive any right or interest in the property that would be transferred under the sale contract. AND Part 1 recognizes that the amount mentioned by Rs.—————— if the full and final payment in relation to the property in question. The No. 1 party has argued to the Party 2 that the mentioned housing is itself acquired if its successor heirs, family members or others do not have the right, title, interest or concern of any kind and as such party No. 1 is fully competent to conclude this agreement and transfer all its rights in favor of party No.
2 under the terms agreed between the parties and are mentioned below and are mentioned below :- 1. That the full amount of the Rs.——————-`s sale consideration of the Apartment of Part 1 obtained by Part No. 2, received a separate receipt of entitled law according to the predetermined data: Banker Cheque No—————— Dated ————— is issued on behalf of Party No. 1 and reported to ———————————————— – And after receiving the amount in question, Party No. 1 admits that nothing more to say of Part 2. all taxes and legal charges are borne by Part 2, including stamp duty on the registration of the transport certificate. Part 1 immediately returns the vacant property of the aforementioned dwelling to Part 2. The Supreme Court also reaffirmed the importance of the contract of sale between the owner and the purchaser, since it recently decided that the period of awarding a dwelling unit to a home buyer should be taken into account from the date of the owner-buyer agreement and not from the date of registration of the project under the Real Estate Act (regulation and development).