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FAQs

Raizada Law Associates
FAQs

Can I claim damages for a breach of a property sale agreement in Delhi?

Yes, you can claim damages for a breach of a property sale agreement in Delhi. Here are the key steps and considerations: Compensatory Damages: These are the most common type of damages claimed in breach of contract cases. They cover the direct financial losses incurred due to the breach.  The losses must be foreseeable at […] View answer

What should I do if the buyer defaults on a property sale agreement in Delhi?

If a buyer defaults on a property sale agreement in Delhi, the seller has several legal remedies available: Retain the Earnest Money Deposit: The seller can keep the earnest money, which is typically a percentage of the property’s purchase price, held in an escrow account. This deposit acts as a security for the seller and […] View answer

What are the implications of a breach of contract in property sale agreements in Delhi?

Breaching a Property sale agreement in Delhi can have several legal implications, which primarily depend on the terms of the contract and the nature of the breach. Here are the key consequences and remedies: Forfeiture of Earnest Money: One common implication is the forfeiture of the earnest money. This amount, paid by the buyer as […] View answer

How can I terminate a property sale agreement legally in Delhi?

Terminating a Property sale agreement in Delhi requires following a structured legal process to ensure both parties are protected and to avoid potential legal consequences. Mutual Consent: The simplest way to terminate a property sale agreement is through mutual consent. Both parties should agree to cancel the agreement, and this should be documented formally​. Legal […] View answer

What are the rights of buyers and sellers in a property sale agreement in Delhi?

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 […] View answer

What is the process for registering a property sale agreement in Delhi?

The process for registering a property sale agreement in Delhi involves several steps to ensure compliance with property transaction legalities. Here’s a concise overview: Drafting the Agreement: Engage property legal services to draft the property sale agreement, ensuring all essential details and clauses are included to protect both parties. Stamp Duty Payment: Calculate and pay […] View answer

What should I include in a property sale agreement to protect my interests in Delhi?

To protect your interests in a legal property sale agreement in Delhi, ensure the following elements are included: Clear Identification of Parties: Include full names, addresses, and identification details of both buyer and seller. Detailed Property Description: Clearly describe the property being sold, including its location, size, and boundaries. Purchase Price and Payment Terms: Specify […] View answer

How can a lawyer assist in drafting and finalizing a property sale agreement in Delhi?

Property lawyers in Delhi ensure that the property sale agreement is legally sound and protects the interests of both parties. They draft the agreement to include all necessary clauses such as identification of parties, property description, purchase price, payment terms, possession details, and any contingencies or special conditions. Their knowledge of local real estate laws […] View answer

What are the legal requirements for selling property in Delhi to an NRI?

Selling property in Delhi to an NRI involves several legal requirements to ensure compliance with Indian laws. Here are the key steps and considerations: Power of Attorney (PoA): Since NRIs may not be physically present in India, appointing a trusted individual through a PoA is crucial. This legal document must be notarized and registered with […] View answer

How do I resolve disputes arising from a property sale agreement in Delhi?

Resolving disputes arising from a property sale agreement Delhi involves several steps and legal avenues.  Here’s a guide to address these disputes effectively: Negotiation and Mediation: Initial attempts to resolve disputes should involve direct negotiation between parties. Mediation can be beneficial, where a neutral third party helps the disputing parties reach an amicable agreement. This […] View answer

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