In a property sale contract in Delhi, both buyers and sellers have specific rights that protect their interests. Here are the key rights for each party:
Buyer’s Rights:
Right to Information: Buyers have the right to receive complete and accurate information about the property, including its legal status, title, encumbrances, and any pending litigation.
Right to Inspection: Buyers are entitled to inspect the property before finalizing the purchase to ensure it meets their expectations and the terms of the property sale contract in Delhi.
Right to Clear Title: Buyers have the right to receive a property with a clear and marketable title, free from any encumbrances or legal disputes.
Right to Possession: Upon fulfillment of all contractual obligations, buyers have the right to receive possession of the property as stipulated in the property sale contract in Delhi.
Seller’s Rights:
Right to Timely Payment: Sellers have the right to receive the agreed purchase price on the dates specified in the property sale contract in Delhi.
Right to Contractual Compliance: Sellers can expect buyers to adhere to all terms and conditions outlined in the property sale agreement, including timelines and any contingencies.
Right to Legal Recourse: If buyers default or breach the contract, sellers have the right to seek legal recourse and claim damages through a property agreement lawyer in Delhi.
Right to Cancel the Agreement: In case of non-compliance or breach by the buyer, sellers have the right to cancel the agreement and retain any earnest money as per the terms of the property sale contract in Delhi.
Consulting a property agreement lawyer in Delhi can ensure both party’s rights are protected and the agreement is fair and legally sound.
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