Home |Land Records | My friend entered into an agreement with a buyer to sell his property for 13 lakhs. The buyer has paid 1.3 lakhs and the registration is completed but the buyer did not honor the further payments. What are the next legal steps?

My friend entered into an agreement with a buyer to sell his property for 13 lakhs. The buyer has paid 1.3 lakhs and the registration is completed but the buyer did not honor the further payments. What are the next legal steps?

Answer Notify Me - 1 Notifying - 2
Parameswaran TK Parameswaran TK
Answered on August 07,2023

Till the buyer complete the formalities at the concerned revenue department for transfering the ownership to his name, the seller  is the custodian of the property. Inform the concerned revenue officer that the buyer has not paid full price  amount and hence transfer of ownership should be withheld. Now the responsibility of proving payment lies with buyer.

Clap Clap 0
Share Share Answer Share Share
Views 47 views
tesz.in
Hey , can you help?
Answer this question

Related Questions