Some general problems relating to Buying and Selling a Property:I bought a shop in a shopping complex. Now I have been asked to pay some amount for the repair works to be done in the common usage area of the complex. Whether I have to pay such amount compulsory or not? First you check in the sale deed that any clause is there about the common usage area. If anything is mentioned about the same in the deed, you have to abide with the clause and you have to pay such amount for the repair work. If there is nothing mentioned in the deed about the common area you consult a Commercial Real Estate Attorney and he will guide you according to the local state provisions about the common usage area. After I put the sale contract with the seller for buying a commercial building, the seller died. How can I enforce the contract? When the seller dies, you can ask the legal representatives of the seller to enforce the contract. I bought a building from X after verifying the Abstract of title as to any lien in the property. The records showed nil encumbrances. After buying, I came to know that the previous owner has mortgaged the house with a money lender without registering the mortgage deed. The money lender has issued notice that he will bring the property to sale. What steps should I take to safeguard my right? Since the mortgage was not registered you have no chance of knowing about the lien on the property. Hence you are not liable to the mortgage debt. The money lender should claim only against the previous owner of the property. You have to reply for the notice clearly mentioning the facts. |
