Cancellation of sale agreement
Querist :
Anonymous
(Querist) 01 February 2025
This query is : Resolved
Sale agreement was made with advance of Rs 20.0 lakhs on Rs 500 stamp paper. Next instalment amount was not paid on that date and postponed indefinetly. So we sent a notice for cancellation of sale agreement and returned the advance amount in full by transferring to their account. But party is not willing to cancel the agreement. Now another party has approached us for purchase of the property. Without cancelling the earlier agreement can we register the property to another party.
T. Kalaiselvan, Advocate
(Expert) 01 February 2025
The sale agreement is reported to have been executed by an unregistered deed, hence if either of the party has breached or violated the conditions then the aggrieved party can issue a legal notice intimating the decision to cancel the sale agreement and also followed by a newspaper publication in the form of public notice to this effect.
you can then sell the property in favor of the subsequent prospective purchaser
Querist :
Anonymous
(Querist) 01 February 2025
Thank you very much.
