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Tarachand   28 July 2017

Sale deed on installment basis

Sirs/Mams

I want to take one immovable property for doing business

I can not pay him full amount at a time but I need possession of the propert immediately

Now, party agreed

I will pay him only 10% of consideration just now and the balance 90% I will pay him in 9 installaments

But he will give me possession of the said property immediately on payment of 1st 10% as above

 

What should I make

Whether Agreement to Sale

Or        Sale-Deed

please guide

 

Regard

HARIOM

 

 



Learning

 3 Replies

Azhagananth (Lawyer)     28 July 2017

Agreement to sale on 10% paid as advanced amount, with terms and clause of the above stated balance 90%. since it is of the immovable property, registration is mandatory.

Kumar Doab (FIN)     28 July 2017

The seller agrees to register sale deed on 10% of sale consideration?

Tarachand   07 August 2017

Shri  Kumar Doab

Yes.   The seller agrees to register sale deed on 10% of sale consideration?
 
Thanks to  Azhagananth  for Reply
 
Regard
HARIOM

 
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