Sale Deed format - Selling Terrace area in a multi storied apartment - (NOTE: A question may arise whether the terrace area ca

Facebook Post  |  2015-06-02 04:05:30  |  Permalink

Sale Deed format - Selling Terrace area in a multi storied apartment - (NOTE: A question may arise whether the terrace area can be sold. This depends on the original transaction with the developer. In the present case the relevant clause reads that "Limited common areas, garden and terrace and facilities are those portions, as per plan attached hereto which are reserved by grantors. The grantors reserve the right to sell/transfer/allot/permit the use of the same to any owners of apartments and their discretion and on such terms as they may decide. The other apartment owners shall have no right to question the said right of grantors or interfere with the ownership, use and enjoyment of such areas who have specifically acquired the same”. The developers have sold the terrace area not to the owners of the apartments just below the terrace but to others who want to make use of it for partying etc. Hence the sale of this exclusive right in this case is permissible. The sub-registrar has

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Sale Deed format - Selling Terrace area in a multi storied apartment - (NOTE: A question may arise whether the terrace area ca

2015-06-02 04:05:30

Download now