171+ Lawyers are online 
Cancellation of property sale agreement
08-Feb-2023 (In Property Law)
Sale agreement signed in dec 2018 for our share in property and took advance. Balance payment was to be paid within 6 months which was not paid till date
Is it true that the validity of the sale agreement is for 3 years.
Can we cancel the agreement by returning his advance and after 3 years is the advance forfeited
hello client hru as i can see that you havr taken 50 percent advance but balance amount as you tried to reminder also but no reply for in this case i have to go through all the documents to understand the agreement between both party then only i can advice you the currect advice
Helpful?
Adv. Vishwanath Pratap Singh
Delhi | 1000+ Answers
Chat
Your agreement must have the clause of probation period, I.e till what time do they need to pay the entire sum.
If there’s no such clause, you can forfeit the agreement, you don’t have to return money and send them a notice of revocation
Helpful?
Adv. Apoorva Kumar
Delhi | 25+ Answers
Chat
Hello, i have perused your query. In these circumstances you have an option of instituting a declaration suit in a civil court of law.
Here you can pray for the relief of declaring the said agreement as null and void on the account of non performance of the agreement.
For any further assistance feel free to reach out to us.
Helpful?
Adv. Love Kumar Soni
Goa | 400+ Answers
Chat
No the validity is not for a period of 3 years. It depends upon the terms of the sale agreement executed between the parties only. Perusal of the agreement is required to arrive at an appropriate conclusion. Forfeit of earnest money depends upon the specific clause
Helpful?
Adv. Anubhav Kathuria
Delhi | 1000+ Answers
Chat
Sometimes things are not very clear in a single question. In order to provide you the right advice we need to examine the agreement first. You may meet us in person to discuss your legal issue.
Brij Mohan (Adv.)
Helpful?
Adv. Brij Mohan
Delhi | 50+ Answers
Chat
Good afternoon sir / madam
I have perused your query and understand that you need some legal advice. I will need some more details from your end to provide you a more comprehensive legal advice.
Regards
Helpful?
Adv. Abhinav Sharma
Delhi | 700+ Answers
Chat
You can issue him a legal notice regarding the payment of the balance payment and in that legal notice only you can mention the increment of 2 crores as mentioned by you. For more legal assistance I am just a call away.
Helpful?
Adv. Jitender Singh
Delhi | 1000+ Answers
Chat
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.
- मीन जुमला जमील है पर कब्ज़ा हमारा नहीं है इसपे क्या करना चाहिए
- Purchase from spouse who holds power of attorney of the property
- Purchase from spouse who holds power of attorney of the property
- I am muslim woman age 92 years my elder brother took sign on gift deed
- Property Ownership Dispute Leading to Police Complaint
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
