law: Transfer of Property Act, 1882
  55. Rights and liabilities of buyer and seller
  In the absence of a contract to the contrary, the buyer and the
  
  seller of immovable property respectively are subject to the liabilities, and
  
  have the rights, mentioned in the rules next following or such of them as are
  
  applicable to the property sold:
  (1) The seller is bound-
  (a) to disclose to the buyer any material
  
  defect in the property or in the seller's title thereto of which the seller is,
  
  and the buyer is not, aware, and which the buyer could not with ordinary care
  
  discover;
  (b) to produce to the buyer on his request for
  
  examination all documents of title relating to the property which are in the
  
  seller's possession or power;
  (c) to answer to the best of his information
  
  all relevant questions put to him by the buyer in respect to the property or
  
  the title thereto;
  (d) on payment or tender of the amount due in
  
  respect of the price, to execute a proper conveyance of the property when the
  
  buyer tenders it to him for execution at a proper time and place;
  (e) between the date of the contract of sale
  
  and the delivery of the property, to take as much care of the property and all documents
  
  of title relating thereto which are in his possession as an owner of ordinary
  
  prudence would take of such property and documents;
  (f) to give, on being so required, the buyer,
  
  or such person as he directs, such possession of the property as its nature
  
  admits;
  (g) to pay all public charges and rent accrued
  
  due in respect of the property up to the date of the sale, the interest on all
  
  encumbrances on such property due on such date, and, except where the property
  
  is sold subject to encumbrances, to discharge all encumbrances on the property
  
  then existing.
  (2) The seller shall be deemed to contract with the buyer that
  
  the interest which the seller professes to transfer to the buyer subsists and
  
  that he has power to transfer the same:
  PROVIDED that, where the sale is made by a person in a
  
  fiduciary character, he shall be deemed to contract with the buyer that the
  
  seller has done no act whereby the property is encumbered or whereby he is
  
  hindered from transferring it.
  The benefit of the contract mentioned in this rule shall be
  
  annexed to, and shall go with, the interest of the transferee as such, and may
  
  be enforced by every person in whom that interest is for the whole or any part
  
  thereof from time to time vested.
  (3) Where the whole of the purchase-money has been paid to the
  
  seller, he is also bound to deliver to the buyer all documents of title
  
  relating to the property which are in the seller's possession or power:
  PROVIDED that,
  (a) where the seller retains any part of the property comprised
  
  in such documents, he is entitled to retain them all, and,
  (b) where the whole of such property is sold to different
  
  buyers, the buyers of the lot of greatest value is entitled to such documents.
  But in case (a) the seller, and in case (b) the buyer, of the
  
  lot of greatest value, is bound, upon every reasonable request by the buyer, or
  
  by any of the other buyers, as the case may be, and at the cost of the person
  
  making the request, to produce the said documents and furnish such true copies
  
  thereof or extracts there from as he may require; and in the meantime, the
  
  seller, or the buyer of the lot of greatest value, as the case may be, shall
  
  keep the said documents safe, unconcealed and undefaced, unless prevented from
  
  so doing by fire or other inevitable accident.
  (4) The seller is entitled-
  (a) to the rents and profits of the property
  
  till the ownership thereof passes to the buyer;
  (b) where the ownership of the property has
  
  passed to the buyer before payment of the whole of the purchase-money, to a
  
  charge upon the property in the hands of the buyer, any transferee without
  
  consideration or any transferee with notice of the non-payment, for the amount
  
  of the purchase-money, or any part thereof remaining unpaid, and for interest
  
  on such amount or part from the date on which possession has been delivered.
  (5) The buyer is bound-
  (a) to disclose to the seller any fact as to
  
  the nature or extent of the seller's interest in the property of which the
  
  buyer is aware, but of which he has reason to believe that the seller is not
  
  aware, and which materially increases the value of such interest;
  (b) to pay or tender, at the time and place of
  
  completing the sale, the purchase-money to the seller or such person as he
  
  directs:
  PROVIDED that, where the property is sold free
  
  from encumbrances, the buyer may retain out of the purchase-money the amount of
  
  any encumbrances on the property existing at the date of the sale, and shall
  
  pay the amount so retained to the persons entitled thereto;
  (c) where the ownership of the property has
  
  passed to the buyer, to bear any loss arising from the destruction, injury or
  
  decrease in value of the property not caused by the seller;
  (d) where the ownership of the property has
  
  passed to the buyer, as between himself and the seller, to pay all public
  
  charges and rent which may become payable in respect of the property, the
  
  principal moneys due on any encumbrances subject to which the property is sold,
  
  and the interest thereon afterwards accruing due.
  (6) The buyer is entitled-
  (a) where the ownership of the property has
  
  passed to him, to the benefit of any improvement in, or increase in value of,
  
  the property, and to the rents and profits thereof;
  (b) 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.
  An omission to make such disclosures as are mentioned in this
  
  section, paragraph (1), clause (a) and paragraph (5), clause (a), is
  
  fraudulent.