We have ancestral agricultural land of 17 acres in village at Satara district of Maharashtra. This land is equally belongs 6 people and my father is one amongst them. Recently one land dealer have us offer that he will give some small amount as a token now and 50% amount at the time of sale deed which after 6 months from now, rest 50% as a PDC creditable after 6 months from the date of sale deed. I told him to do Sathe Khat or deed at the time of giving 50% amount and sale n deed after we receive rest 50%. But he is not ready to agree.
Question: what are the possible legal implications, issue and problem we need to face if we accept his offer and things don't go as he promised
| Originally posted by : Chaitan Janabai | ||
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We have ancestral agricultural land of 17 acres in village at Satara district of Maharashtra. This land is equally belongs 6 people and my father is one amongst them. Recently one land dealer have us offer that he will give some small amount as a token now and 50% amount at the time of sale deed which after 6 months from now, rest 50% as a PDC creditable after 6 months from the date of sale deed. I told him to do Sathe Khat or deed at the time of giving 50% amount and sale n deed after we receive rest 50%. But he is not ready to agree.Question: what are the possible legal implications, issue and problem we need to face if we accept his offer and things don't go as he promised |  |
Yes you can go with PDC cheque but keep in mind that registration made only after full payment,untill then you can made sale deed.But registration of land complete after 6 month,made that in deed clause.
