What Makes a Sale Agreement Legally Enforceable?
Introduction The sale agreement is an essential part of property transactions, since it outlines both the buyer's and the seller's agreement on the terms and conditions. This agreement establishes the framework for completing the sale, including payment terms, possession dates, and both parties' obligations. If it is to be legally enforceable, it must be registered with the appropriate subregistrar. Many property transactions, however, involve unregistered sale agreements that are notarized by a notary public. This raises a legal question: Does an unregistered notarized sale agreement have legal validity in India? Let us examine this issue in depth with relevant laws and judicial precedents, while also emphasizing why consulting with one of the best lawyers in Bangalore can have a significant impact on your case. The difference between notarization and registration Identifying the difference between notarization and registration is the first step in understanding this issu...