Rights of Buyers under Transfer of Property Act

January 21, 2023
A statue of Lady Justice

The rights of buyers are given in Section 55(6) of Transfer of Property Act, 1882.

The rights are as follows:

Right to get benefits and rent: It is the right of the buyer to receive to benefits of improvement and rent coming from the property, where the ownership has been passed to him by the seller.

Right to get interest: unless he has improperly declined to accept delivery of the property, to a charge on the property, as against the seller and all persons claiming under him, to the extent of the seller’s interest in the property, for the amount of any purchase-money properly paid by the buyer in anticipation of the delivery and for interest on such amount; and, when he properly declines to accept the delivery, also for the earnest (if any) and for the costs (if any) awarded to him of a suit to compel specific performance of the contract or to obtain a decree for its rescission. If you want to be a judicial officer  and are looking for RJS coaching online, here, at Jyoti Judiciary we provide comprehensive study material to make your preparation solidified and topnotch. From preliminary mock tests, to mains answer writing sessions every material required for clearing the exam is provided. We have separate legal current affairs classes, legal general knowledge, current affairs classes all in one time enrolment. Hurry up.

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