Everything You Must Know Before Signing a Property Agreement

 One of the most critical steps in buying a property is signing the agreement. Whether it is an Agreement to Sale, MOU, or Sale Deed draft, this document decides your rights, responsibilities, payment terms, possession date, penalties, and legal protection. Yet, many buyers sign it without understanding the details, trusting brokers or sellers blindly.

Before signing any property agreement, it is essential to take legal guidance from an experienced Property Lawyer in Pune. A professional service provider like Propdox helps buyers understand every clause, check hidden conditions, and ensure that the agreement protects their interests completely.

Why You Should Never Sign an Agreement Without Legal Review

A property agreement is legally binding. Once signed, you are responsible for everything written inside it—even if you didn't notice the fine print.

Here's why legal review is important:

  • Agreements may include one-sided clauses

  • Penalties may be too high

  • Refund terms may be unclear

  • Possession dates may not be guaranteed

  • Payment schedules may be risky

  • Important legal protections may be missing

A Property Lawyer in Pune checks and corrects these issues before you commit to anything.

Key Things to Check Before Signing a Property Agreement

Here are the essential points you must verify before signing:

1. Ownership Details

Check if the seller has full legal rights to sell the property.
Your lawyer verifies:

  • Seller identity

  • Ownership documents

  • Title clarity

  • Power of attorney (if applicable)

A genuine seller = a safe transaction.

2. Property Description

Your agreement must clearly describe the property, including:

  • Area

  • Boundaries

  • Parking space

  • Amenities

  • Flat or plot number

  • Carpet and built-up area

Any error in description can cause disputes later.

3. Payment Terms and Schedule

The agreement should clearly mention:

  • Total price

  • Booking amount

  • Installment details

  • Final payment date

  • Penalties for delay (for buyer & seller)

Propdox ensures all payment terms are fair and transparent.

4. Possession Date and Delays

One of the biggest issues buyers face is delayed possession.
Your agreement must include:

  • Exact possession date

  • Penalty if the builder delays

  • Grace period limits

  • Construction milestones

A Property Lawyer in Pune ensures that the possession clause protects the buyer, not just the builder.

5. Refund and Cancellation Policy

Many agreements are designed in favour of the seller or builder.
Check:

  • Refund amount

  • Cancellation charges

  • Conditions for termination

  • Timeframe for refund

A clearly defined refund policy protects you from losses.

6. Clauses for Hidden Charges

Some agreements include additional charges such as:

  • Floor rise charges

  • Amenities charges

  • Clubhouse fees

  • Parking charges

  • Maintenance deposits

Propdox reviews every clause to ensure there are no surprises later.

7. Legal Approvals & Compliance

Never sign an agreement if the project does not have:

  • RERA registration

  • CC (Commencement Certificate)

  • OC (Occupancy Certificate, if ready possession)

  • Environmental clearance

  • Sanctioned layout plan

These approvals must be mentioned in the agreement.

8. Indemnity & Liability Clauses

These clauses protect you from liability if something goes wrong.
Your lawyer ensures these clauses are in your favour.

How Propdox Helps You Before Signing the Agreement

Propdox provides complete legal assistance, including:

✔ Detailed agreement review
✔ Identifying risky clauses
✔ Adding buyer-friendly protections
✔ Verifying all attached documents
✔ Ensuring compliance with laws & approvals
✔ Providing legal opinion

This ensures you sign only when everything is legally safe.

Final Words

A property agreement is not just a paper—it is the foundation of your entire real estate purchase. Signing it without legal guidance can lead to serious issues later. With the help of an experienced Property Lawyer in Pune and professional support from Propdox, you can ensure that your agreement is fair, clear, and protects your rights completely.

Always read, review, and understand before you sign—your future depends on it.

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