: A sales contract represents the conditions of the sale of a property by the seller to the buyer. These general conditions of sale include the amount at which it is to be sold and the future date of full payment. Description: As an important document in the sales transaction, it allows the sales process without obstacles. All the conditions contained in the question - Who keeps the initial sales contract after the termination of the deed? 1. Ideally, the original deed should be destroyed after the execution of the act of cancellation and the refund of stamp duty, but you can return the sales agreement to the contracting authority after the act of cancellation has been made. A sales document is a document that proves that the seller has transferred absolute ownership of the property to the buyer. Through this document, the rights and shares of ownership are acquired by the new owner. A certificate of sale usually consists of the following information- After the cancellation of the initial sales contract, you can request the refund of stamp duty on the basis of the act of withdrawal, you can if necessary submit the photocopy of the initial sales contract. In the event of the seller`s failure to sell or hand over the property to the buyer, the buyer obtains a right to certain services in accordance with the provisions of the Specific Relief Act 1963. A similar right is available to the seller under the contract to obtain a specific service from the buyer. The deed of sale is the most important legal document by which a seller transfers his right of ownership to the buyer who then acquires absolute ownership of the property.
A sales contract can generally be defined as an instrument of agreement listing the terms of a potential sales contract, as well as the consideration offered and the details of the payment. When selling the property, this is one of the important documents, because the deed of sale is based on this. It allows the sales process smoothly by explaining it step by step. This helps to build a better understanding between the parties and their specific roles in the sale. If this is the case, you can keep the initial deed of sale of manufacture before the IGR to request the refund of the stamp duty paid to it. . . .