agreement for sale
Ravi kumar M
(Querist) 20 August 2015
This query is : Resolved
A registered sale agreement with fixed time was cancelled through a written letter sent by purchaser to seller after fixed time of agreement without doing cancellation at register office.Advice wheather the agreement still subsists due to non cancellation at register office and can seller after acknowledging letter can finalise sale to any other person
K.S.Srinivas
(Expert) 20 August 2015
It is necessary that the cancellation deed shall be singed by both the parties and both the parties need to present for cancellation and get that registered.
The procedure of cancellation of registered agreement is same as was done at the time of its registration.
kavksatyanarayana
(Expert) 20 August 2015
I agree with the advise given Mr.KSSrinivas sir.
dev kapoor
(Expert) 20 August 2015
Hi,
Is it a SALE DEED or AGREEMENT TO SELL?In first case CANCELLATION DEED cannot cancel SALE.In second case however,onesided(unilateral) cancellation is not valid.
You can file a suit for 'specific performance of contract'.
Rajendra K Goyal
(Expert) 22 August 2015
If it was agreement to sale, after passage of fixed time, no communication received from purchaser, notice of cancellation from seller acknowledged by purchaser, agreement deemed cancelled.
