aks 11 August 2018
when one sells a flat in a co-operative housing society, which is the document to be excuted:
Sale Agreement
or
Transfer Agreement
One advice received is that since in case of CHS, the shares are transferred, which represent the property ownership, a Transfer Agreement has to be entered into.
what is the difference between the two as far as definition and legal implications are concerned.
thanks
R.Ramachandran (Advocate) 11 August 2018
It is Sale Deed for sale of the Flat.
Based on the Sale Deed, the Shares in the Co-op Grp. Hsg. Society would get transferred in favour of the Buyer.
R.Ramachandran (Advocate) 11 August 2018
aks 11 August 2018
some law firms are prescribing what is known as Transfer Agreement for transfer of shares in the society.
aks 12 August 2018
reference my previous query that some law firms prescribe Transfer Agreement/Deed rather than Sale Deed.
Need to understand the difference between the two and the legal implications of having a Transfer Deed or having a Sale Deed.
Can either be used?
thanks
Kumar Doab (FIN) 25 August 2018
If you wish, attach the said Transfer agreement.
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