Gpa or spa?
vinod
(Querist) 12 January 2016
This query is : Resolved
Sir,
I had a registered sale agreement for whose validity was till july 20th 2015.Within this period sale deed does not executed.Does this registered sale agreement is valid now?Now the purchaser compelling me to cancel the sale agreement and asking to repay the money advance. Since I am out of station can authorize my father through a GPA to cancel the agreement or can I authorize him through a SPA?If I make GPA can he use this for any other transaction which is not mentioned in GPA?
Regards
C Vinod
Rajendra K Goyal
(Expert) 13 January 2016
Purchaser can ask through registered letter to you to cancel the agreement and return the advance. You can send advance money through Cheque confirming the cancellation of agreement.
If you wish you can entrust GPA, SPA for doing needful.
T. Kalaiselvan, Advocate
(Expert) 17 January 2016
If the existing GPA authorises the agent to execute any transaction with regard to this property too,then this will be enough or else you may execute a SPA for this purpose alone.
