Handover remaining chequebook full#

You must not accept the cheuqe for amount more than the amount of property mentioned in sale deed to be registered in Sub Registrar’s office.Į.g. However it shall be appropriate to include a clause in sale deed to this effect and set a specific time. If the cheque number mentioned in the sale deed is returned unpaid the sale deed can be cancelled. “ Now buyer insisting on us to go ahead of registration of my property with his personal bank account Cheque details in the registration document.” Valuable advice of learned experts/members is sought. Bank may accompany the buyer and seller and handover the cheque before registering authority. It seems strange….different from normal practice…īanks normally ask for sale agreement and prefer to prepare the cheque in the name of seller.

This implies that Bank shall not issue cheque in the name of seller. “ I was told by the buyer that HDFC Home loan will not release the remaining balance cheque without the sale Deed on my Buyers Name.” In the current thread you have posted that: Now he is saying do the registration on his name and After reflecting in EC then he will take us to his HDFC bank and collect the remaining amount cheque. Then the agreement is canceled.ĭiscussion > Property Law > Urgent can any one help? no legal expert?

Handover remaining chequebook full#

In Term and condition we mentioned that if the full amount is not paid within one month of agreeement. docīuyers wants property document without paying last final amt. How come a Bank will have this kind of procedureĭiscussion > Property Law > Buyer saying he will not pay me final amt without prop. Buyer saying it's HDFC HOME Loan procedure. My question is how can i do the registration without getting the amount.

He will Submits those document to His HDFC and then he collects remaining amount cheque and then he will handover that cheque to us. You have initiated many threads on the same matter e.g.ĭiscussion > Property Law > Buyer insist registration first,take remnng amt chq(hdfc loan) latterīuyer insisting on us, to do registration first, once reflects in EC.