Legal Question in Appeals and Writs in India

loan

last year i bought a flat , at that time i paid the owner more than 70 percent of the total amount. And we had a verbal declaration that the i will pay the remaining amount within 3 years and till now i have been doing that and 80 percent of the whole amt is being paid I have made all the payment by cheque but i dont have any legal documents . So i want to ask is there any problem in future


Asked on 3/06/09, 6:22 am

4 Answers from Attorneys
Homi Maratha N.N. Maratha & Co.-Advocates

Re: loan

Hello.

Good Evening.

I would advise you to enter into a MOU first and then go for a Sale Deed as you have paid 80% of the amount.

There is no problem if you secure yourself with a sale deed.

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Answered on 3/06/09, 7:38 am
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: loan

Yes, in the absence of a valid contract / document, you may not be able to claim title /ownership to the property.

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Answered on 3/06/09, 8:24 am
Nandita Haldipur Haldipur Associates

Re: loan

for you to become the owner there should be a registered document

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Answered on 3/06/09, 8:24 am
Aniruddha Pawse Aniruddha.P.Pawse Advocates

Re: loan

You have to get legal documents prepared before full settlement.

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Answered on 3/10/09, 7:02 am


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