There is any expiry date of agreement of flat sale?

Querist : Anonymous (Querist) 02 January 2012 This query is : Resolved
there is any expiry date of agreement of sale of flat in mumbai( maharashtra) if, yes then how much year of validity and what is a procedure for renewed.

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V R SHROFF (Expert) 02 January 2012
The terms and conditions of sale deed executed by and between the parties concern decide the expiry date, as and when time is the essential element of that contract. It vary from a day to 3 years. It is same in Mumbai( Maharashtra) also.

The aggrieved person may issue notice of termination to other party, and wait for court order.

Sailesh Kumar Shah (Expert) 02 January 2012
3 years from that date when both party have to registered sale deed as terms and conditions of ATS, they didn't do so.

M.Sheik Mohammed Ali (Expert) 02 January 2012
yes, i do agree Mr.Shah reply

Querist : Anonymous (Querist) 02 January 2012
sale agreement between party as usual no hidden condition of expiry is mention in agreement but i heard from some one that the sale agreement has to be expired after 11 year u have to renewed it further is there any such rule in mumbai for property.

Sailesh Kumar Shah (Expert) 02 January 2012
As per Limitation act, only after 3 years.

prabhakar singh (Expert) 03 January 2012
Limitation is 3 years in your case and not 11 years as some one misguided you.

Querist : Anonymous (Querist) 03 January 2012
what is to be done after 3 year of sale agreement is to be renewed or leave as .

prabhakar singh (Expert) 03 January 2012
If agreement is not followed by a sale deed with in time stipulated then a second agreement is the requirement if parties agree and if parties disagree then aggrieved party may file a suit for specific performance after service upon the defaulting party with in limitation of 3 years,delay of even a day shall not be condoned.

It is always in health of you to state facts of problem posed than to put things in such abstract manner.

Devajyoti Barman (Expert) 03 January 2012
Nothing to differ..

Sailesh Kumar Shah (Expert) 04 January 2012
agree on subsequent reply.

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