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Cancellation of sale agreement to the buyer
18-Sep-2023 (In Property Law)
What are the process to cancel a immovable property sale agreement ( notarized but not registered). Does only sending a letter/notice will cancel the sale agreement with the buyer ?
Here, i am the owner/Seller of my property share. The buyer is not executing the deed of conveyance registration. (Not done in the time mentioned in the agreement.
The buyer is not even finalizing the registration date. He wants the vacate property before registration, which is not in the agreement.
So an letter with AD and a notice will cancel the agreement ?
As per your query in law rato youbcam send a legal notice to the purchaser for cancellation of the agreement as early as possible mentioning the time period from the day of receipt of notice and if he wants to do the registration then he can do the registration as early as possible
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Adv. Subhankar Sanyal
Kolkata | 200+ Answers
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What to do if seller backs out of contract in India?
If the other party does not complete the sale, either the buyer or seller can seek damages. In the case of a registered contract, both parties must execute a deed cancelling the agreement. Only then can the property be sold to a third party. 10 Mar 2022
What is the latest Judgement on cancellation of sale agreement?
Bombay High Court: Smt. Kusum Hiralal Jain v. M/s. Jain Construction Company, (AIR 2022 BOm 315). The Bombay High Court ruled that a sale agreement can be cancelled when it is executed by a child. 11 Oct 2023
Can a seller cancel a sale for no reason?
The bottom line about cancelling contracts
Schorr explains that a seller cannot cancel without a reason. 15 Nov 2022
since deed of agreement is made between you and the buyer but no stamp duty nor registration charges are paid by the buyer and infact he is not evey finalizing the the date of registration and saying you to empty the flat it completely depends on you and you can make the agreement void by legal notice
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Adv. Priyanka Singh
Kolkata | 500+ Answers
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Sale Agreement Revocation has to be done in formal manner through Agreement, however, without scrutinizing that Sale Agreement in perspective of the default clause as specified therein, Notice is required to be issued to that intended buyer. If you are willing to take my Legal opinion through online payment, then can contact.
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Adv. Sinjari Bandyopadhyaya Banerjee
Kolkata | 400+ Answers
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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.
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