Agreement Of Possession

Remember here that both parties must respect the terms of the sale agreement. Any party that does not comply with any of the terms of the agreement could be brought to justice if the other party so wishes. All parties involved should also ensure that this document can be used as legal evidence before the court of law and that all those who have agreed to comply with the conditions are required to do so. Under the Indian Registration Act of 1908, any interest transfer agreement must be registered on property worth more than 100 rupees. Therefore, if you purchased a property for sale as part of an agreement without a good state of sale, you will not receive any right or interest in the property that would be transferred under the sale contract. The above definition shows that a purchase agreement contains a promise to transfer the property in question in the future under certain conditions. This agreement itself therefore does not create any rights or interests on the property for the proposed buyer. It is the result of a simple interpretation of the above provision that an instrument for the transfer of personal or real estate is a matter of «transportation.» In this case, a property is transferred for payment of part of the consideration and the surrender of the property. It is relevant to explain here that the Indian Stamp (Madhya Pradesh Second Amendment) Act, 1990 (Law 22 of 1990) replaced only a few items, including section 23 of List 1-A, and that the declaration was added to section 23. The explanatory note relating to Article 23 of Schedule 1-A of the Stamps Act, replaced by Section 6 of Act 22 of 1990, is written as follows: if transport is carried out later as part of such a sale agreement, stamp duty is already paid, if it exists, and adapted to the negotiable sale agreement. , considered transport, in total of the levy applicable to transport.

, subject to a minimum of Rs 10.» The aforementioned declaration comes into effect from 26 September 1990. The explanation therefore creates a legal fiction. The sale agreement is considered a transport and stamp duty on a transfer of ownership instrument.