Agreement to sale

Kameela (Querist) 20 March 2013 This query is : Resolved
Sir,

There is a registered agreement to sale in which there is one vendor and 3 purchasers , if after a period of 2 years the two out of three purchasers wish to relinquish their right towards the property to a sole purchaser , in such situation to what kind of documentation needs to be intinated to protect the right of a sole purchaser.

D.Kameela
kamzsten@hotmail.com

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Devajyoti Barman (Expert) 20 March 2013
In the sale deed they are to be added as Confirming Party wherein they would state their no objection of sale in favour only one of them.

Kameela (Querist) 21 March 2013
thanks for your advice.

Advocate Bhartesh goyal (Expert) 21 March 2013
Rightly opined by Sh.Barman.

Raj Kumar Makkad (Expert) 21 March 2013
Apart from the way Barman has told, if the sale deed is not being going to be registered at that time in that event, a tripartite agreement to sale can also be got executed between the parties under discussion.

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