In any case, you should make sure that you have a written agreement to make sure things go smoothly until the money and goods have been exchanged, and you and the other party will want to know what to do when it comes on the way to hiccups. This agreement can be used for a number of merchandise sales, from small purchases to large-scale contracts. A contract of sale is a contract for the sale of real estate in the future. This agreement defines the conditions under which the property is transferred. The Supreme Court has also reaffirmed the importance of the sales contract between the contracting authority and the buyer, since it recently decided that the period of allocation of a housing unit to a buyer of a house must be taken into account from the date of the project-buyer contract and not from the date of registration of the project under the Real Estate (Regulation and Development) Act. 2016. The court also ordered the rera authorities to order the payment of the employer`s compensation in accordance with the contract of sale, the sanctity of which was confirmed by this order. 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 absolute ownership of the property. A contract of sale is a contract for the sale of real estate in the future. This agreement defines the conditions under which the property is transferred. The Transfer of Property Act 1882, which governs matters relating to the sale and transfer of immovable property, defines a contract of sale or a contract of sale as follows: this absolute rule is subject to the exception provided for in section 53A of the Transfer of Ownership Act. Section 53A provides that, where the buyer has acquired ownership of the property, the property is the subject of the transfer, while fully fulfilling its part of the contract obligation, the seller is not entitled to disturb the ownership so granted to the buyer. It should be noted that Article 53A offers the proposed buyer protection against the contemptuous and pours out the contemptuous of the buyer`s troublesome property, but it does not heal the buyer`s ownership of the property.
Ownership of the property remains in the hands of the seller. The deed of sale must be registered with the local sub-regulatory office. An unregistered certificate of sale has no value in the eyes of the law. . . .