State Act
5
Section 5. Agreement to precede advance payment.
The Telangana Apartments (Promotion of Construction and Ownership) Act, 1987.
Act no. 29 of 19871987In forceTelangana (State Act)
5. A promoter who intends to transfer any apartment shall before, accepting any sum of money as advance payment or deposit, which shall not exceed twenty percent of the price, enter into a written agreement of sale with the intending transferee and the same shall be registered as a document compulsarily registerable under clause (b) of sub-section (1) of section 17 of the Registration Act, 1908.