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How can one claim back the token money given to owner
04-Jan-2023 (In Labour & Service Law)
Hello Sir, We saw and liked a rented house in Jp nagar,Bangalore,We paid 10,000 rs towards token amount.Due to some reason we decided not to continue the deal and informed the owner within a week but now he is refusing to refund our money.Please help Is there any forfeiture clause for rentals?We have not made any agreement.We just have bank statement as proof.
You have given bank cheque as a tocken advance, now you decided to no to continue, if you are give cheque, then you can take legal action , otherwise, if you have paid by cash nothing to do.
You can send legal notice and get money back.
You can send legal notice and get money back.
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Adv. Sharanagouda S. Patil
Bangalore | 200+ Answers
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Since this is a private agreement, the agreement itself would govern the relationship. In the absence of an agreement, it is difficult to prove that it was a refundable deposit as the Landlord may say the deposit is non-refundable. Bank statement would only prove that you have paid, but the Landlord may not deny it - instead he may say Rs. 10,000 was the non-refundable deposit to hold the house for you so that nobody else shows interest. It might be difficult to get the whole amount back but you can try to negotiate with the Landlord to keep some amount and return the rest.
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