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Sale Agreement Should Be Registered

Under the Transfer of Ownership Act, a sales contract, with or without property, is not transportation. Section 54 of the Transfer of Ownership Act provides that the sale of a property can only be done by a registered instrument and that a sale agreement does not create interest or fees for its property. If an unregistered sale agreement, which accompanies the surrender of the property to a person in possession, can be presented as proof of the agreement and if an appeal for a particular benefit is based on a non-registered sales agreement, the registration of the sale benefit does not erase the existing registration contract, i.e. the sales contract. This will remain the case and the last entry is the sales contract between the same parties that were included in the sales contract, so it will provide reasonable grounds for the appearance of such entries in the certificate of charge. If you have specifically mentioned or set the deadline, i.e. above and the other, this contact is made with the deadline set by the contract. “Any sales contract that is not a registered promotion (nature of sale) would fall short of the provisions of section 54 and 55 of the Transfer of Ownership Act and would not confer ownership and would not transfer any right to purchase property (except for the limited right granted under Section 53A of the Transfer of Ownership Act).” There is no savings/deeming system under the law that takes into account the fate of unregistered ATS exported before May 1, 2017. In order to determine the fate of these ATs, the law could have been considered to have been registered under the Act before May 1, 2017 (subject to payment of a royalty to the relevant sub-registry), provided that even the ATS that were executed before May 1, 2017 are registered within a specified time frame, as required by the registration of current projects pursuant to Section 3 of the Act.

This absolute rule is subject to the exception of Section 53A of the Transfer of Ownership Act. Section 53A provides that the seller has no right to disturb the purchaser`s possession if the purchaser has entered into possession of the property that is the subject of the transfer, while fully acquiring its portion of the contractual obligation.