Importance of Property Agreements
Well-drafted property agreements by an experienced real estate lawyer can secure your rights to the property. A property sale agreement is different from a sale deed, while a leave and license agreement is different from a lease deed, and an experienced real estate lawyer can help you understand these differences. These nuances of property agreements are hard to understand until you consult a qualified real estate lawyer in West Bengal who has years of experience in dealing with such matters.
Clauses in Property Agreements
At Advocate Chenoy Ceil, we understand that property is one of the most valuable assets of your lifetime, and we will always work towards providing the best property agreements that will protect your property. Some of the clauses that you must be aware of in property agreements are the payment clause, the right of way clause, the mortgage clause, the area of the property, and the delivery date. Several other clauses in housing agreements can be difficult to understand without expert guidance from a qualified real estate lawyer in West Bengal.
If you are seeking property agreements then they must have an indemnity clause that protects the buyer in case of any legal defect or dispute in the property. Indemnity clauses are particularly important due to the introduction of the Real Estate (Regulation and Development) Act of 2016 (RERA 2016), wherein promoters and sellers have to indemnify the buyer in case of failure to fulfil any provisions or clauses of the agreement for sale. You may also check out Advocate Chenoy Ceil for agreement legal formats.
Another important clause of an agreement for sale is the delivery date or possession date for the property. Under the RERA Act of 2016, the promoter has to deliver possession of the property based on agreed plans and deadlines. Buyers and sellers should have a clear understanding of the terms of delivery and penalties associated on account of delays. This can be best reflected by a securely drafted property agreement from an experienced real estate lawyer. If you are a buyer or a seller, you must incorporate specific performance and arbitration clauses in the property agreements as well. This will help the parties resolve the matter quicker or approach the RERA forum if there is any dispute or breach of such agreements. However, it is recommended to consult an experienced property lawyer during such instances.
Why Us?
If you have spent months searching for that perfect house and managed to bargain the best price for your house, then why will you compromise on the most important document that will seal the deal? Do not try to work with stock agreements or online agreement formats cause they cannot reflect the unique conditions of your property sale or transfer. Fill out the contact form here and we will provide you with the best property agreements for your property.