Sale agreement & registered gpa.
navin
(Querist) 23 August 2013
This query is : Resolved
a builder has entered into a registered sale agreement & has paid full consideration of the property.he has also registered an irrevocable gpa so that he can make plots &sell them in future.my qery is
1.say the gpa giver dies can the builder still execute this registered gpa?
2.if not as per sale agreement full consideration of land is been recieved by gpa giver,what rights will the builder have on this land?
3.say the gpa holder dies,can his inheritor have rights in this land?
Devajyoti Barman
(Expert) 24 August 2013
1. Yes, since it is agency coupled with interest.
2. same as above
3/ Yes
After the death of the original landowner, the legal heirs could execute fresh GPA.
Rajendra K Goyal
(Expert) 24 August 2013
Repeated query:
http://www.lawyersclubindia.com/experts/Sale-agreement-registered-gpa--418086.asp#.Uhhg-z-Lq_I