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Buyer wants to back out after 8 months


11-Mar-2026 (In Civil Law)
The buyer had initially approached me to buy my agricultural property of 3.3 bighas within 2 weeks, he paid 20% of total sale amount as advance in mid-July and stopped responding. Buyer refused my request for the refund so that I won't be able to look for other buyers. After 7 months he wants to back out because he doesn't have the money. Am I obligated to return the advance amount as I lost out several prospective buyers in this time?
Answers (2)

Answer #1
863 votes
first of all, the agreement for sale needs to be checked. the clauses are important. the mode of payment and your request for refund. since there has been a delay in cancellation of agreement, you can ask for deduction.
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Advocate Ritam Banerjee

Adv. Ritam Banerjee

LawRato Barasat | 50+ Answers
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Answer #2
884 votes
Dear Client, Your query lacks information and transparancy. Is there any aggreement to sale (ATS) executed between you and the prospective buyer or any other documentry evidence showing or proving the transaction of money between the parties? So, based on the answer to the above queries, a Counsel can guide you with the proper legal remedies available to you in the given scenario. Hope the matter stands understood to you.
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Advocate Soumendra Kumar Dutta

Adv. Soumendra Kumar Dutta

LawRatoKolkata | 25+ Answers
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