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Who will retain original copies of sale deed in case of multiple buyers and multiple sellers?

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PGN Property, Real Estate & Documentation Consultant with 21+ years of experience verified
Answered on April 04,2021

Buyer retains the original copy of sale deed

In the case of multiple buyers, a primary buyer should be chosen among the multiple buyers. Buyers should execute an affidavit that representing 1 among all the buyer. An affidavit must be notarized by notary public.

For example:

Buyer 1, buyer 2, and buyer 3 represent buyer 1 as primary buyer. So all the buyers execute an affidavit that buyer 1 represents all the buyers. Therefore buyer 1 is responsible to complete the further course of formalities like Khata transfer, name change in electricity board, and water board. Therefore buyer 1 name reflects in utility bills

Buyer 1 holds the original sale deed and others can retain the certified copy.

We provide the service of obtaining an affidavit and certified copy in Karnataka. To opt for our service, please WhatsApp to 9 7 4 2 4 7 9 0 2 0.

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