With regard to the rental of capital, this is a lease agreement in which the lessor agrees to transfer the ownership rights to the taker after the conclusion of the lease period. Capital or financing leasing is long-term and not reseable. Description: In the case of a capital lease, the lessor transfers the ownership rights of the asset to the taker at the end of the lease period. The lease agreement gives the taker a Bargai The certificate of the competent authority that authorizes the owner to start the construction of the property (after all the criteria set have been met) is referred to as a certificate of authorization. Description: As a general rule, the registration certificate is issued by the local authorities. It is mandatory to have this certificate in order to be able to begin any recall construction here as both parties must keep the terms of the agreement for sale. 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. What the sales contract creates is the buyer`s right to acquire the property in question in 1996, 1996. Similarly, the seller obtains the right to obtain the buyer`s consideration in accordance with his part of the terms and conditions. In cases where you have acquired and taken possession of a property under a sale agreement, the title to the land will still remain with the developer, unless a sales record has been subsequently executed and registered under the Indian Registration Act.
Thus, it is clear that a security in a property can only be transferred by a deed of sale. In the absence of a deed of sale duly stamped and registered, no right, property or interest for a property, the buyer of the property. The property can be defined as any estate that, with the exception of the owner, is “free of ownership” of a unit.