Duties of Homebuyer Under RERA
Learn the key duties of a homebuyer under RERA, including timely payments, compliance with agreements, and adherence to legal guidelines for a hassle-free property purchase
-
Duty to Make Payment
Every homebuyer must make timely payments as per the agreed terms.
-
Duty to Pay Interest
Homebuyers must pay interest for any delay in payment towards any amount to be paid.
-
Duty to Participate in the Registration
Homebuyers must actively engage in property deed registration to ensure legal ownership. This includes verifying documents, paying necessary charges, and attending registration appointments.
-
Duty to Take Possession
Homebuyers must take possession of the property within 2 months of the occupancy certificate being issued. Delays in possession can result in maintenance liabilities or penalties.
-
Duty to Form Association of Buyers
Homebuyers must participate in forming an association for residents’ welfare. This helps in managing common areas, resolving disputes, and ensuring smooth operation of the housing society.
Go Back