Agreement To Sell Under Transfer Of Property Act

(f) grant to the buyer or a person under his directs, on the basis of such a requirement, ownership of the property, as permitted by its nature; A sales agreement is an agreement by which the seller promises to transfer future ownership of the property to the buyer under certain conditions. only if the interests of the former mortgage borrower or of persons held under him or by another person who has acquired for remuneration an interest in one of the immovable property are not affected. A will is the will of the deceased. It is a posthumous ordinance on the estate of the deceased, which guides the distribution of his estate after his death. This is not a transfer between Vivo. A will must enter into force only after the death of the deceased and is revocable at any time during the deceased`s lifetime. Thus, even a will cannot transfer ownership or ownership of real estate. Intangible property is personal property. It cannot be moved, touched or felt from one place to another. He has no physical presence. Intangible property can take the form of creations of human intellect known as intellectual property, such as trademarks, copyrights, patents. They are neither tangible nor visible. (g) all public taxes and rents due up to the time of sale of the property, interest on all charges on that immovable property, charges due at that time for that property and, unless the property is sold under charges, to lighten all charges on the property.

GPA / SA / WILL these are all part of the transaction of the sale, but these do not give ownership to the buyer. It precedes the execution of an act of purchase. This agreement is signed and executed by the seller and the buyer on an extrajudicial stamp document. It has legal value and can be presented in court as evidence if necessary. The agreement defines the procedures leading to the execution of the instrument of assignment or sale. It records the agreement concluded between the parties and binds both parties. What the sales contract creates is a right for the buyer to buy the property in question under certain conditions. Likewise, the seller obtains the right to obtain the consideration of the buyer if his part of the general conditions of sale is respected. (d) make, in the event of payment or offer of the amount due for the price, a correct transfer of the good if the buyer performs it at an appropriate time and place; In the absence of a legal provision to the contrary, an ATS has not been registered in accordance with the practice of the sector, with regard to real estate realized both between individuals and between developers and allottes. As the law does not require registration, ATSs was also not confronted with the consequences imposed by Article 49 of the Registration Act.

Therefore, the courts, and in particular consumers, have made these unregistered ATS effective….

  • Share