92+ Lawyers are online 
Can I refuse to honor a notarized home sale agreement
09-Oct-2023 (In Property Law)
In July, we decided to sale our home and shift to a new address. Now, we have decided to stay here for a few more years. The problem is that we have taken as advance Rs. 3 Lacs out of Rs. 50 Lacs from the buyer. We have told him to return double the amount, that is 6 Lacs and cancel the agreement. We have gone upto Rs 7 Lacs. The buyer is not willing. So, what is the legal implication if he goes to court or files a police complaint? The owner of the property is my mother, who is 76 years of age. The agreement was notarized, not registered. How long does it take to settle the case for the court? How does court usually settle such cases? The sale agreement expires on Oct. 25.
First of all notarized agreement has less value compared to registered sale agreement. U r on heavy side as first of all u r in possession of the property, secondly u r ready to refund 6 lacs, dont pay 7 lacs, thirdly sit tension free. If he files police complaint u just say it is civil dispute and u r ready to refund 6 lacs. If he files civil case, say the same thing. Anyway. I would suggest to refund 3 lacs with interest. Not 6 lacs
Helpful?
22+
22+
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Property lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
