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Buyer asking to execute sale deed on old price what action can I take
31-Jan-2023 (In Property Law)
My brother has a property in Banglore.. He stays in US . As he wanted to sell it gave me power of attorney. I did agreement to sale with a buyer on 2 Rs stamp paper not on 100 rs stamp paper and it was not notarized or registered 1 and 1/2 year back . Buyer agreed for sale deed with in 3 months. But till today he did't . Now he wanted for sale deed on old price or want 10 lakhs extra to release the agreement to sale. but price of the property went up by 20%. He gave me just 10 lakhs for the property of 1.5 crores. Pl inform me Agreement on 2 Rs paper/ power of attorney are valid or not
20+
Adv. Chandrashekhar Vithal Jadhav
Bangalore | 200+ Answers
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Moreover the the term of the agreement is three months. I guess he has not sent you notice to execute sale deed with in that time period.
You need not agree to sell the property for earlier agreed terms as the said agreement was invalid and time barred.
24+
Adv. Sandeep Hegde
Bangalore | 100+ Answers
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