A purchase agreement is an agreement to sell a property in the future. This agreement sets out the conditions under which the property in question is transferred. The Property Transfer of Property Act of 1882, which governs the purchase and transfer of real estate, defines the sale agreement or the sale agreement as follows: Thus, in cases where you have acquired and taken possession of a property under a sale agreement, the title to the property will still remain with the developer, unless a statement of sale has been subsequently executed and registered under Indian registration law. Thus, it is clear that a security in a property can only be transferred by a deed of sale. In the absence of a deed of sale duly stamped and registered, no right, property or interest for a property, the buyer of the property. What the sales contract creates is the buyer`s right to acquire the property in question in 1996, 1996. Similarly, the seller obtains the right to obtain the buyer`s consideration in accordance with his part of the terms and conditions. Remember here that both parties must respect the terms of the sale agreement. Any party that does not comply with any of the terms of the agreement could be brought to justice if the other party so wishes. All parties involved should also ensure that this document can be used as legal evidence before the court of law and that all those who have agreed to comply with the conditions are required to do so. “Locked-in property can only be transferred by a transport permit (deed of sale), duly stamped and registered legally.
We therefore assert that goods can only be transferred/transported legally and legally through a registered transport obligation. In the future, a sale agreement is to be promised that the property will be transferred to the rightful owner, while the sale is the actual transfer of the buyer`s property. Under the Transfer of Ownership Act, a sales contract, with or without property, is not transportation.