No promoter shall, after he executes an agreement to sell any flat, mortgage or create a charge on the flat or the land, without the previous consent in writing of the persons who take or agree to take the flats, and if any such mortgage or charge is made or created without such previous consent after the agreement referred to in section 4 is registered, it shall not affect the right and interest of such persons.
Section 9: No mortgage etc., to be created without consent of parties after execution of agreement for sale
The Karnataka Ownership Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer) Act, 1972.State Act of Karnataka · Act 16 of 1973
Where this provision sits
| Act | The Karnataka Ownership Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer) Act, 1972. |
|---|---|
| Section | 9 |
| Marginal note | No mortgage etc., to be created without consent of parties after execution of agreement for sale |
| Jurisdiction | State of Karnataka |
| Status | In force as published by the source |
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