need clarity of refund of token amount to buyer as deal cancelled

Dear Sir / Madam , We wished to sell our office space in mumbai and found a buyer . After negotiation we concluded on a price and he gave us a cheque of 50,000/- as token money . Balance he said would be paid at registration after 15 days . However a month passed by and we did not hear from him or the buyer so we ( Seller) decided not to sell the property. Now when we are returning his cheque of 50,000/- he is claiming more expenses of additional 25,000/- as lawyer fees to draft the agreement and newspaper add of 10,000/- Please tell me what shall I do in this case.

Answers (1)

400 votes

First of all why are you returning the money to buyer? If as per the MOU you have agreed, then only pay the money to buyer.

Further, you are not liable to pay additional  Rs.25,000/- as lawyer fees to draft the agreement and newspaper add of  Rs10,000, if same is not mentioned in the agreement.

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