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How to cancel development agreement ?
21-Jul-2023 (In Property Law)
We entered into development agreement with builder in 2007.The agreement is registeted & POA is also given.Both the documents are irrevocable & do not have cancellation clause or time bar.The property consists of 3 structures & the builder has constructed a 17 storey building on it.The newly constructed bldg is a society & remaining two structures are tenanted G+3 buildings.Can we terminate the agreement with the builder after giving conveyance to the society and a perpetual lease is granted by the society for the land beneath the two buildings.If yes then how ?
When the conveyance takes place then why do u need to cancel the development agreement when the building is already constructed??
Please contact us for a detailed discussion with respect to your matter.
Please contact us for a detailed discussion with respect to your matter.
Helpful?
25+
25+
Adv. Asha Bhuta
Mumbai | 100+ Answers
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How do you cancel a construction agreement?
1. You must give notice of cancellation to the seller or buyer. 2. He should explain why this construction is not yet underway.
How do I cancel my home agreement?
The buyer does not pay.
Only if the buyer is satisfied with the property title will he make a balance payment.
The buyer can cancel the contract and claim damages by sending a legal notice from the seller.
If the buyer fails to obtain a mortgage, he can cancel the contract.
Can I cancel a builder?
Builders or contractors may be charged with a criminal offense and fined. The homeowner can cancel the contract up to one year after it was signed, and within 14 days of that date.
How do I get my money back from builder?
If the builder does not refund the money, send an email to let them know that youll be contacting the consumer court. It is better to go to consumer court if the builder does not take action.
This is my response to you:
1. You can revoke the POA;
2. You can send a notice for revocation;
3. You can then revocate it with a registered deed;
4. You will have to discuss more facts of your case;
5. Consult a local lawyer and take steps.
1. You can revoke the POA;
2. You can send a notice for revocation;
3. You can then revocate it with a registered deed;
4. You will have to discuss more facts of your case;
5. Consult a local lawyer and take steps.
Helpful?
38+
38+
Adv. Gowaal Padavi
Mumbai | 500+ 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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