You can keep certified copy of agreement for your record
How to keep a copy of agreement to sell that is legally acceptable
My private limited company is entering into an agreement to sell with a buyer. The buyer will submit that agreement to sell to his bank to avail loan. The original agreement will be kept by the bank. How do I keep a copy of this document, so that if required in future, I can use it in court for legal matters and it will be acceptable
Asked 3 years ago in Property Law
Religion: Hindu
8 Answers
What are the rules/process for certified true copy, Sir?
Asked 3 years ago
You can on basis of original agreement approach local notary to notarise copy of agreement
in alternative approach sub registrar office for certified copy of agreement
You can make 2 original copies if you want to retain. Other wise only Notraised copy can be retained
A certified copy of the agreement can be obtained from the land registry where it has been registered.
Alternately, get a copy attested by the bank and a certificate stating that the original is being held by them.
- Since, the buyer will submit the agreement to sell to the bank for loan purposes, then its registration is necessary for the same.
- Hence, after the registration of the agreement , you can apply in the office of the registrar for getting certified copy of the agreement , and this certified copy is dully accepted in court as evidence.
- Further, if that agreement is only notarized , then you can get one another notarized copy of that agreement. , and also can get the copy from the bank as well dully attested by the official of the bank.
Dear client,
You can keep the photocopy with yourself. Banks always keep the original documents in such cases. In case of any legal requirement, you can show the copy that you possess. If that is not accepted, then the bank can provide the original document for the court's purposes.
Thank you.
If it is a registered document you can always get a certified copy from the concerned registrar office.
If it is an unregistered document, then you take a photocopy of the same, get it notarised and keep it in a safe place.
To obtain a certified copy of the registered document from the concerned registrar office, you may have to submit an application giving the registration number and pay the applicable fee for the same.