Once the agreement is done, can the landlord refuse to sell the flat? Know the rules

Property Rules: Can a flat owner refuse to sell the flat after agreeing? Know what are the laws in India regarding this. Information will be useful while buying a flat.

Investing in property has become a very good means of investment in today's time. That's why many people buy property. And then later sell it at a good price after making a profit. But someone buys property according to living.

He looks at the location according to his budget. And then selects the property and makes further deal. Then the entire process of buying the property is done. In which the agreement is signed. And after all the property deals are done, the property becomes his.

But many times people leave the deal midway while buying a house or flat. However, this happens at a very early stage. When talks are going on about buying or selling the property. But what if someone refuses to get the agreement of the flat made and send it?

So what will happen in such a situation? Can a flat owner refuse to sell the flat after making an agreement? If you are also a landlord or are thinking of buying a flat, then know what are the rules regarding this. Can this be done or not?

Let us tell you that when someone is buying a flat, not only his emotions are involved in it but finances are also involved. How does one collect money and buy a flat? If someone refuses in such a situation, then loss is inevitable.

So let us tell you that no landlord can do this. If this is done, a case can be registered under Indian New Code i.e. BNS Section 316 Criminal Breach of Trust, in which there is a provision of both 3 years of imprisonment and fine.

Apart from this, under BNS Section 316 (5), a case can be filed for cheating a person by deceiving and misleading him, which includes both 7 years of imprisonment and fine. However, the court can give a decision regarding punishment or compensation after looking at the condition and seriousness of the case.