Failure to Furnish Good Title,
Implications of Failure to furnish good title
The land deals and the property sale and purchase must be a fair deal and there should be no grey areas involved. Many a time the land or the property in question has defect in its title. This must be brought in to the consideration of the buyer before or at the time of the closing of deal. But, few sellers may either deliberately try to hide the facts or may not be aware of such discrepancies. In such a situation the buyer is entitled for compensation and that could be in cash. It is the seller’s responsibility to provide to the buyer a good title and that must be done prior to or at the time of the closing of the deal.
The failure to furnish good title is a fault on the part of the seller and can lead to implications such as
This is in favour of the buyer and saves the buyer from the title fraud or presence of any type of lien on the property.
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