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Pankaj LNU (Manager)     09 December 2018

Land sale with post dated check

My father has a piece a land in Nagpur which I would be selling in few months time. A party is interested but they want to give post dated checks for registry. The last check would be 1 year from registry. Should I go ahead? What if the cheque bounces? I would really appreciate your earnest reply.


 4 Replies

Suri.Sravan Kumar (senior)     09 December 2018

 the maxim caveat emptor applies to you also.

Its better to register the property in his name after the chqs are honoured.

498A Victim   10 December 2018

If cheques are bounced, you need to run behind the courts which is a waste of time and money. better not to sell and after getting total amount then only register

Pankaj LNU (Manager)     13 December 2018

Hi

 

Thank you all for your well informed advise. 

 

Many Thanks

Pankaj LNU (Manager)     13 December 2018

Thanks Mr Nikhil janghu. I shall connect with you if I require further help.

 


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