Final payment 'on possession"
Dr. Shekhar
(Querist) 19 March 2014
This query is : Resolved
What does final payment 'On Possession" means ? My builder is asking me to pay him by giving me letter that the property is ready for possession although the buyers agreement mention clearly final payment to be made 'on possession'. Is he justified and lawful and should I pay.?
Rajendra K Goyal
(Expert) 20 March 2014
If the property is ready for possession, inspect the same, refer the builder buyer agreement and, if the premises is ready, pay and receive the possession.
Dr. Shekhar
(Querist) 20 March 2014
pay and receive the possession...
As a principle and lawfully speaking should not be these two acts be at same time hand in hand?
R.K Nanda
(Expert) 20 March 2014
repeated query.
Dr. Shekhar
(Querist) 20 March 2014
Dear Mr Nanda and Mr sethi ...query repeated but kindly express your views
Sudhir Kumar, Advocate
(Expert) 14 April 2014
replied at
http://www.lawyersclubindia.com/experts/Final-payment-On-Possession--460491.asp#.U0uRlaI1g48