Mou between 2 persons

Guest (Querist) 08 February 2014 This query is : Resolved
hi, i need an mou between two people . for the payment of installment for the alloted property

first person has been alloted the flat but
unable to pay regularly to builder.
second person is sharing the payment 50 percent. so both want to sign mou that
second person will pay 50 percent until complete payment for the flat.

later , first person will either share
50% of property with second person;

or repay one time payment of amount received ( appreciated value as informed by builder at time of sale)
from second person ;
or second person will give the first person the other half amount and first person will sell property to him.

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Devajyoti Barman (Expert) 08 February 2014
Sorry no formats are supplied here.
You have to engage an advocate and get him draft such MOU.

Dr J C Vashista (Expert) 09 February 2014
Engage/contact local lawyer.

prabhakar singh (Expert) 09 February 2014
Better avoid this kind of adventure.If you can not then visit a local property law lawyer.Why do not you both share it by an agreement with builder himself.

Rajendra K Goyal (Expert) 09 February 2014
Ready made formats not supplied in the section,contact a local lawyer.

T. Kalaiselvan, Advocate (Expert) 10 February 2014
If this is a genuine query, the author may very well approach a local lawyer who will be able to take care of the needs appropriately as per the circumstantial situation.

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