What agreement does Mr. B have with Mr. A for property?
Mr. A has a property worth 1 crore. Mr. B will sell the 1st, 2nd, and 3rd floors to Mr. C on behalf of Mr. A for 1.50 crore. Mr. B will use the 50 crore to buy one floor of Mr. A's house. What kind of agreement would Mr. B have with Mr. A?
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Advocate By LEAD INDIA
Answered: 31 Jan 2025
Mr. B will enter into a sale agreement with Mr. A, acting as an intermediary for selling the floors to Mr. C for ₹1.50 crore. The agreement will also specify how the ₹50 crore is utilized to purchase one floor from Mr. A, outlining the financial terms and conditions. For further legal assistance contact us on our helpline number.
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