Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Rahul John   17 June 2016

Validity of Unregistered Agreement to sell uds in Chennai

Dear Sir, my builder had made me sign an unregistered agreement to sell the UDS of the property under joint development agreement in 2013. But since he has not finished the construction even after 3 years, can I refuse to sell the UDS?


Learning

 5 Replies

Rahul John   17 June 2016

I am from Tamilnadu.

adv.bharat @ PUNE (Lawyer)     17 June 2016

What is the USD agreement terms for completion of construction?

As agreement is not registered you don't had any legal right to broke the agreement.

As per mutual discussion take the decsion.

NANDKUMAR B SAWANT (ADVOCATE./LAWYER)     17 June 2016

Unregistered agreements are not legaly enforceable. Pl.note

Amol Kende (No)     18 June 2016

Hi agree with Sawant sir its not legally enforceable if its done and after long back its no action its on valid every where coz inregistered term its value after 6 months is 0

H.M.Patnaik (Proprietor)     18 June 2016

As per the info. posted the agreement is not enforceable by any party since the same is not registered. Am not sure what the term UDS denotes? In case it a portion of undevided share of the property , for transfer of title or right to use the redeveloped facility , there has to be a registered agreement, which is absent in the instant case.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register