I have entered into a sale agreement of my flat in rajasthan with one person who is also a tenant presently ,against lease rent deed.
He now wants the registry done in name of his wife due to lower stamp duty ,interest rate and some schemes of bank which is normal practice
bank wants sales agreement in her name to give loan in her favour or atleast fiorst name of her .
Can I just issue amendment letter to the sales agreement mentioning both husbands and wife name as second party i.e. (buyer) on first page and also entering a clause that I have no objection if sale deed is made in favour of any of the two or jointly.
The bank is asking for fresh agreement in favor of his wife.But tenancy agreement is in favor of the husband and I dont want to create two agreemnts on same flat in two different persons names.For obvious reasons.
So can I issue amendment letter including his wife name as second party (buyer) and mentioning that any of the two jointly or separately can enter into sales deed.and avail loan faciltiy against the property if required
what is format of amendment and will any stamp be required or simple amendment letter duly signed and counter signed by both husband and his wifewill suffice.