Raj Kumar Keshari 06 October 2015

How to register in the given case

Dear Sir,
Kindly help in the below case.
We are getting option to buy a genuine property (G+2) where Original owner is ready to take payment in installments and his given options are pay 5,00,000 Advance and the rest 30,00,000 in 10 years where each month installment is 25K. We have no more money than the advance of 5,00,000 so at present we are financial not able to register the property though the property owner is ready to register. what can we do to do something that transfers the complete rights of property from original owner to us until we register the property in near future.

Thank you.

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Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 ) 06 October 2015

Make An agreement of sale constitutes the terms and conditions of sale of a property by the seller to the buyer. These terms and conditions include the amount at which it is to be sold and the future date of full payment.

Being an important document in the sale transaction, it enables the process of sale to go through without any hurdles. All the terms and conditions included in the agreement of sale must be understood thoroughly by both the parties and obeyed throughout the sale process till the time the sale deed is made. Agreement of sale is the base document on which the sale deed is drafted.

Sale deed is the document prepared at the time of full payment made by the buyer and when the actual transfer of the property takes place.