Cancellation of agreement
Jasmeet
(Querist) 14 July 2017
This query is : Resolved
Respected sir, we have entered into an sale agreement unregistered of plot bearing.40 sq yards ..laste date is decided in september for the final payment ..first purchser want us to create the wall before sale deed in plot now purchaser demanding more and more things and i guess he is not interested to buy land..let me know how can we cancel the agreement with mutual consent and wat documents to b need..our dealer said buyer will write On orignal sale agreement that i have taken my byana amount back ... Is this right step to cancel the agreement like this? And can i deduct some money from the amount final which i am giving bck byana amount to purchaser..our final date is swptember for final payment but now buyer also agree to take his money back
P. Venu
(Expert) 14 July 2017
An unregistered sale agreement as to immovable property is of hardly any momentum.
Kumar Doab
(Expert) 14 July 2017
The suggestion made by you dealer is usual practice.
How was payment made to you say;cash, and how do you intend to return?
Rajendra K Goyal
(Expert) 14 July 2017
If all parties agree, may enter previous agreement cancellation agreement with the signatures of all concerned.
