Legal Question in Real Estate Law in India

Registration of house

Registered for a house & applied for bank loan.Loan is getting delayed.45 days were given but it will take almst 70 days.Owner is asking for 60 days rental amount.Y should i pay when 45 days were given?He had the keys with him.Also due to bank's march end work the processing of loan got delayed.Plz advice.

How much grace period is given?


Asked on 4/18/09, 2:06 pm

2 Answers from Attorneys
Shrichand Nahar S.V.Nahar, Advocate

Re: Registration of house

Depends on the terms of the agreement. No general guidelines.

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Answered on 4/19/09, 1:03 am
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: Registration of house

Your facts are not complete. If you have not taken possession, you may not be liable to pay rental. However, it may be required to peruse your agreement to sell. You may consult a local lawyer by showing your documents.

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Answered on 4/18/09, 6:09 pm


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