Model Agreement For Sale Under Mofa

(a) duly completed in accordance with the conditions of the contract of sale or, where applicable, on the date indicated; or, under RERA, there is no provision that blurs the complainant`s right to invoke his right to claim interest in the event of late detention or repayment on the basis of the terms agreed in a letter of allowance. Indeed, the RERA law itself provides that it is only mandatory to register a sales contract if the buyer has paid more than 10% of the total underperformance. If the letter of assist is not taken into consideration by the authorities, it would result in an unusual situation where, if less than 10% of the consideration is paid by the buyers of housing, it will lose all recourse against the developer only because the formal agreement is not registered, although it is prescribed by law. .