1.This is a general question to the lawyer community of property law,Generally when an individual want to buy a plot from a layout,the developer of the layout wwho has the "General Power Attorney from the land owners demands that 30% of the land cost excluding the registration charges has to be paid at the time of sale agreement.
2.Now one of my relative has trusted this developer and paid the 30% amount by a cheque and the cheque is cleared to the developer's account,But after 30 days also there is no sale agreement done.
3.This is the general scenario across the real estate business customers dont have any hold.There is high possibility that he might sell the same plot with another agreement to some other customer.
4.Now my question is how to avoid this situation.There is possibility that the customer should ask the developer to do the sale agreement and then give the check,suppose if the customer defaults and if the cheque bounces can the developer cancel the sale agreement ?
5.What is the minimum time that is required to prepare a sale agreement for a developer ?
6.How to ensure that the developer doesn't execute another sale agreement for the same plot number and sell it to another customer for a higher price ?