Applying the provisions of Section 88 of the RERA Act 2016, we can verify, in the analysis of the provisions of both provisions, that section 17, paragraph 2(v) of the Registration Act 1908 denies the RERA Act 2016. Therefore, under section 89 of the RERA Act 2016, the provisions of the Registration Act 1908 are not taken into account when registering the sales contract. . Sharma subsequently refused to comply with the agreement on the grounds that no final, legal and binding sales contract had been registered by the parties and that the existing agreement could not be obtained as proof of the alleged contract. Remember here that both parties must respect the terms of the sale agreement. Any party that does not comply with any of the terms of the agreement could be brought to justice if the other party so wishes. All parties involved should also ensure that this document can be used as legal evidence before the court of law and that all those who have agreed to comply with the conditions are required to do so. “A contract for the sale of real estate is a contract to sell the property under the terms set by the parties,” Section 54. Section 54 adds: “It does not in itself create interest or royalty for such a property.” Although the RERA Act of 2016 provides for a non-fruit clause in Section 89 and applies as a result of the same RERA through the Registration Act 1908.
On the other hand, it also raises another question as to whether a sale agreement creates a right, title or interest in the property? The sale of real estate requires complex procedures. For a stress-free agreement, all parties must understand the entire sale process, including the differences between a purchase agreement and a legal deed of sale. A sale agreement can generally be defined as an agreement listing the terms of a possible sales contract, as well as the counterparties and payment details offered. When selling the property, this is one of the important documents, because the deed of sale is based on it. It allows the sales process smoothly by explaining step by step. This helps to improve understanding between the parties and their specific roles in sales.