Legal Question in Real Estate Law in India
i am planning to get into agreement for sale of my land in India. Normal practice for sale of land to be converted to plot is that the real estate person seeks 8 to 10 month time and payment which is done in installments.
Is there any clause that we can incorporate in the agreement where by if the buyers is not able to fulfill the commitment by the agreed time , that the agreement is cancelled automatically and the owner can sell it to a another party. want to know the legal terminology to be incorporated.
Should the agreement be registered to have legal binding on it or if done on a stamp paper is good enough.
1 Answer from Attorneys
you may consult a lawyer at the place where land is situate and the requisite legal clauses can be incorporated in the agreement.
Regards
Adv. Rajiv
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