Subhasis Ghosh
20 March 2022 at 00:46
I would like to purchase a resale flat under co-operative society (Registered). The flat is already allotted to 'A' since 'A' was a registered member of that society and paid all the construction cost to the society. 'A' obtain the share certificate & allotment letter but they doesn't registery the said flat on their name. Now 'A' is willing to sale his flat in confirmation with the society. My question is if I purchase the flat is there any legal problems may arise? Whether the Co- operative society will act as conforming party or as owner of the flat? Sale agreement or nomination agreement what will be appropriate in this case?
Purchasing of flat under co-operative society
I would like to purchase a resale flat under co-operative society (Registered). The flat is already allotted to 'A' since 'A' was a registered member of that society and paid all the construction cost to the society. 'A' obtain the share certificate & allotment letter but they doesn't registery the said flat on their name. Now 'A' is willing to sale his flat in confirmation with the society. My question is if I purchase the flat is there any legal problems may arise? Whether the Co- operative society will act as conforming party or as owner of the flat? Sale agreement or nomination agreement what will be appropriate in this case?