Resale of old Flat. What documents copy to be given to the Buyer? Whether Buyer has to pay booking advance and give undertaking for taking copy of the Flat documents? How to safeguard myself before parting with Documents? Please advise.
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Usually, the xerox copy of the parent documents of the land, the sale deed, construction agreement, approved plan, completion certificate, EC to date is given. A token advance is paid. The buyer is given two or three days time to peruse the papers. Then, a 10-20% advance is paid and sale agreement is executed.
take some token advance and give all the copy of the documents of the property for checking the legal title of the property with his lawyer
A.P.Loganathan, Advocate, Madras High Court
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