2. Essentials
A person enters into a contract to transfer an immovable
property
- For consideration
- In writing and it must be signed by him or on his behalf
- The terms of the contract must be certain.
The transferee:
-Either take the possession of the property or any part of the
property or if already in possession, continues the same
-The act of taking possession is done in the part performance of
the contract.
- And the transferee who already was in possession prior to the
contract does some act in furtherance of the contract.
3. Essentials
The transferee is willing to perform or has
already performed his part of the contract
The transferor or any person claiming under
him cannot enforce any right in the property
that the transferee is in or continues to
remain in possession of, against the
transferee
4. Nature of transferee’s rights under
section 53A
No title or interest in property
No right of action to transferee
5. Amendment of Section 53A Transfer
of Property Act and other enactments
Section 53A, para 4 of the Transfer of
Property Act
Section 17 & 49 of the Registration Act, 1908
6. Rights of a Bona Fide Transferee for
Value
The proviso to the Section provides that: the
Section will not affect the rights of a bona fide
transferee. Where:
The transfer was for consideration and
The transferee had no notice of the previous
contract or it’s part performance
The section will not affect the rights of such
transferee.
7. Case laws
Kukaji V. Basantilal,1955
Sardar Govindrao Mahadik V.Devi Sahai
(1982)