Jayanti Devi (Student) 24 November 2024
A flat buying sale agreement has been executed.
now, buyer has invoked cancellation clause as per agreement.
is the written notice sufficient legal evidence for cancellation of the agreement ?
or, a separate revocation deed required with both party consent for cancellation?
Dr. J C Vashista (Advocate ) 24 November 2024
It is already a covenent in the agreement to sell, hence written notice is adequate and no fresh suit / case is required to revoke the agreement.
T. Kalaiselvan, Advocate (Advocate) 24 November 2024
If it is a registered deed then both the parties are reqyuired to exeute a registered cancellation deed before the concerned sub registrar, unless the encumbrance on the property cannot be cleared
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