An agreement of sale includes terms, conditions, and contingencies. A sale deed includes property details, ownership transfer, and encumbrances. Registration norms for agreements of sale vary across states. It is mandatory to register a sale deed.
A leave and license contract is given a special legal status pursuant to the Maharashtra Rent Control Act, 1999. In Maharashtra, a leave and license is compulsorily required to be registered, irrespective of the tenure which may be one month or five years.
The Agreement of Sale includes terms, conditions, and contingencies, while the Sale Deed includes property details, ownership transfer, and encumbrances. While the norms concerning the registration of agreements of sale differ across states, it is mandatory to register a sale deed.
The Court ruled that sale agreements, where possession is transferred or agreed to be transferred, must be considered conveyances and are liable for stamp duty and registration as per Article 25 of the Maharashtra Stamp Act, 1958.
The Court ruled that sale agreements, where possession is transferred or agreed to be transferred, must be considered conveyances and are liable for stamp duty and registration as per Article 25 of the Maharashtra Stamp Act, 1958.
Possession Certificate - The certificate is required while purchasing a privately built resale flat. This document is handed over to the buyer after he/she has physical possession of the property.