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Can I modify a property sale agreement after it has been signed in Delhi?

Can I modify a property sale agreement after it has been signed in Delhi?

Published At July 15, 2024

Answer

Modifying a property sale agreement in Delhi after it has been signed is possible but comes with certain legal stipulations and procedures. Both parties involved in the agreement must mutually agree to any modifications. Here are the key aspects to consider:

  • Mutual Consent: Any modification to the property sale agreement Delhi requires the mutual consent of both the buyer and the seller. This agreement must be documented and signed by both parties to ensure that the changes are legally binding.
  • Documentation and Registration: The changes made to the sale agreement should be documented in a supplementary agreement. This document should clearly state the modifications and must be signed by both parties.
  • Legal Review: It is advisable to have the modified agreement reviewed by a legal professional to ensure that all legal requirements are met and that the modifications do not violate any terms of the original agreement or any applicable laws.
  • Stamp Duty and Fees: Depending on the nature and extent of the modifications, additional stamp duty and registration fees may be applicable. These fees must be paid to register the supplementary agreement with the Sub-Registrar.
  • Specific Performance and Legal Disputes: If one party refuses to consent to the modification, the other party may seek legal remedies. The court can enforce specific performance if the modifications are deemed reasonable and necessary.

Modifying a property sale agreement in Delhi involves legal and procedural steps to ensure that the changes are valid and enforceable. It is crucial to seek professional advice to avoid any disputes or legal issues in the future.

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