This section outlines the responsibilities of both the seller and the buyer of a property. The seller must disclose any problems, provide documents, and hand over the property. The buyer must pay the price and take care of the property after the sale. It also covers things like who gets the rent and who pays the taxes.
A sells a house to B. A must tell B about any hidden problems with the house (like a leaky roof). B must pay A the agreed price. If the house burns down after the sale, B is responsible.
- •As a buyer, you have the right to know about any defects in the property.
- •As a seller, you have the right to receive the agreed-upon price.
- •Both buyer and seller have responsibilities regarding the property after the sale.
📒 Legal text sourced from The Gazette of India & AdvocateKhoj Bare Acts Library
⚖️ Content reviewed by Adv. Shailendra Babbar, Seasoned Advocate, with 31 years of legal practice
📚 Act Reference: Transfer of Property Act
Disclaimer: This content is for informational purposes only and does not constitute legal advice. Consult a qualified advocate for specific legal matters.