What should I get in writing to safeguard my property payment?
I am going to purchase a 1BHK flat, and the agent has asked for ₹3 lakh for stamp duty and registration. I will pay ₹20,000 monthly to the builder. What should I get in writing from the builder, or is there anything else I should ask for to safeguard myself and the amount I have already paid?
When buying a property you must make sure to sign a Sale Agreement with the builder. This should clearly outline payment details, possession date, and who handles stamp duty/registration. You should ask for a receipt for each payment you make. Include terms on what happens if the builder delays possession and a way to resolve any disputes. For further legal assistance contact us on our helpline number.
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