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Tag: earnest deposit

Home » earnest deposit

Property Trends
By Sunita MishraJune 17, 2021

Dos and don’ts for paying token money for a property purchase

What is token money? Once a home purchase deal is finalised between a buyer and a seller, a formal process is initiated to conclude it legally. This starts with the buyer paying the seller … READ FULL STORY

Legal
By Sunita MishraNovember 17, 2020

Risks in buying property through auction

Amid the possibility of large-scale defaults by home owners and builders, in the backdrop of the Coronavirus crisis, financial institutions could be forced to repossess properties and sell them in the open market, to … READ FULL STORY

Legal
By Balwant JainSeptember 11, 2020

Are profits on the cancellation of a property deal taxable?

When you book a property, the builder generally issues an allotment letter. The actual agreement may not be executed immediately. The agreement to sell, may, in fact, be executed after years, in some cases. … READ FULL STORY

Must Knows
By Sunita MishraSeptember 4, 2020

How to deal with advance payments during property purchase

A buyer has to bear a lot of miscellaneous costs while purchasing a property, including the cost incurred towards legally transferring the asset under his name. Buyers may sometimes find themselves in a position … READ FULL STORY

Property Trends
By Sunita MishraMay 14, 2020

Tips for sellers if a buyer backs out from a property deal

A great deal of the property seller’s time, energy, effort and money would be wasted, if a buyer withdraws from a property deal, because of monetary reasons or loss of interest in the deal. … READ FULL STORY

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