Land Agreement
Gaurav
(Querist) 30 October 2015
This query is : Resolved
Hi.. I would like to know about Land Agreement timeframe. Got into agreement to sell my land at a price and timeframe was 6 months. There was no cancellation clause. However additionally if buyer not able to make the payment he had an option to give his own land at a different place to buy above said piece of land. There had been no formal communication on this agreement even though I pushed the buyer multiple times to execute the deal like land vs land.
Now after a period of 18 years that buyer has appeared again and filed a suit in court to force execution of the agreement. I do understand the whole interest he developed is because land prices gone up.
My understanding is Judge should reject the case as agreement is very old and buyer never petitioned before for executing the agreement. However, Judge has not dismissed the case and admitted for further argument.
Please advise..
Gaurav
(Querist) 30 October 2015
Also, he is not proposing to give land at other place which was an alternate but trying to pay earlier which is significantly Low as compared to today's price.
alexander
(Expert) 31 October 2015
Do you have the original agreement sell spelling out the condition of forfeitable advance and the timeframe agreed to. The full details of your transaction / agreement are not known but if the time frame was Six months then the Contract to mutually transfer the land or whatever you agreed to is now defunct i.e now expired and void.
Rajendra K Goyal
(Expert) 31 October 2015
The agreement is old enough, no timely renewal, no action from either side for 18 years.
Other party seem to have a weak case in his favor under the given facts till he brings strong evidences or language of agreement favors, however, consult local lawyer, show all related documents and discuss.
K.S.Srinivas
(Expert) 31 October 2015
I agree with Sri Rajendra K Goyal.
