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Cancellation Of Agreement For Advance Received For Sale Of A Property


04-Jan-2023 (In Civil Law)
I am having 1 ground of residencial plot in my name. Due to finance problem i have decided to sell that plot and received an advance from a person also. The buyer agreed to register that property within 4months. After few days, Unexpectedly, my daughter not allowed me to sell that plot for the amount already agreed by me. She expect more value for that property. She compeled me to cancel the agreement and return back the advance. How to solve this issue.
Answers (2)

Answer #1
719 votes
It is difficult to satisfy all the expectations of humans. Depending on the terms of the agreement between you and the purchaser and if it is specifically given then both parties together can modify or cancel the agreement. If such clause is not provided in the agreement and if the purchaser do not want to cancel the agreement he can approach the court for fulfillment of the agreement.
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Dr. S. Diraviam Dinesh

Dr. S. Diraviam Dinesh

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Answer #2
604 votes
Hii, whether you talked about this to the buyer? what was his reply for this? how many months lapsed after you executed the agreement , if According to agreement condition 4 month lapsed then you need not to execute. if 4 month not lapsed buyer may file specific performance suit against you to perform the sell. so we have to know the current status
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Advocate Balaji T

Adv. Balaji T

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