Property sale
M.Kapoor
(Querist) 28 March 2025
This query is : Resolved
Dear Sir/Madam,
I am writing to seek clarification on a legal matter. My son and I jointly own a property. We were in the process of selling this property and received an advance payment from the purchaser, which was deposited into my son's bank account.
The purchaser has now canceled the deal and is demanding a full refund. However, my son is unwilling to provide the refund.
I would like to know who would be held liable by the court in this situation: my son (who received the advance), both of us, or some other party.
Thank you for your assistance.
Best regards,
M. Kapoor
T. Kalaiselvan, Advocate
(Expert) 28 March 2025
You have stated that the property is jointly owned by both and you both have entered into sale agreement with the buyer jointly.
Therefore the refund has to be done by both jointly upon cancellation of the sale agreement.
Please avoid opening the same question in a new thread in a different section out of anxiety, you may visit the previous thread on the same subject posted today itself in the forum section of this website.
kavksatyanarayana
(Expert) 28 March 2025
As the property is jointly owned by you and your son, you and your son are jointly responsible for the refund of the amount.
