How to draft agreement to protect against payment delays?
I am the seller of a house property and want to sell it for approximately 3 crores. The buyer will pay an initial advance of 75 lakhs, with the balance due within one month. I want the property to be registered only upon receipt of the final payment. Can you provide a draft agreement with protective clauses to avoid delays in receiving the balance payment from the buyer?
Sir, we can draft an agreement that includes protective clauses ensuring the property registration occurs only upon receipt of the final payment, with specific timelines and penalties for delays in payment. This will safeguard your interests and prevent any unnecessary delays. For further legal assistance contact us on our helpline number.
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