Chirag Trivedi (searches) 23 April 2014

Agreement of a flat

Hello,

1. What are the important points we need to check in the agreement of a flat?

2. How much we need to firstly give it to builder for making of an agreement?

3. What are the important clause we need to check in agreement?

4. Suppose, the flat value is 27 lakh then how much would it cost to make the agreement( is there any minimum %? )

Regards,

Chirag

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4 Replies

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 ) 23 April 2014

5 importance clauses to verify. 1. Indemnity clause in sale agreement, 2. Penalty clause, 3. Right to call off the deal, 4. Outstanding dues, 5. Transfer of depsoits/Membership of Owner;s Assossiation

ADV-JEEVAN PATIL, MUMBAI ( DEEMED/CONVEYANCE OF BUILDING) 23 April 2014

Dear Chirag

Your queries are relevant to purchase of a flat but are very minimum.

When you are going to purchase 27 L flat or more and putting your hard earned money, you have to be more conscious and safe in your dealing. However, I would like to know whether you are going to purchase flat under construction on in ready building?

Anyway would reply your queries:

1] What are the important points we need to check in the agreement of a flat?

Ans: It is absolutely to go through the Agreement between you and your Builder. However, if you so wish , you may randomly check :

(1) Land is freehold,

(2) Right, title & interest is clear and does not have any encumbrances,

(3) Area of Flat

(4) Amenities provided

(5) Land is leasehold or free hold

(6) Development Agreement.

(7) Society is formed /to be formed etc.

2] How much we need to firstly give it to builder for making of an agreement?

Ans: Depending upon building under construction or Ready building flats

for occupation.

3] What are the important clauses we need to check in agreement?

Ans: at one

4] Suppose, the flat value is 27 lakh then how much would it cost to make the agreement( is there any minimum %? )

Ans : Agreement cost normally depend upon how best it can be executed between parties and normally shared by one or both & will be reasonable. You may contact when Agreement is to be made or write: Jeevan Patil, Property Lawyer : jeevansci@yahoo.com; (M) 9869400938.

Pl. note that there are many things among others to check, you may definitely get it done from property lawyer.

ADV. JEEVAN PATIL