Sale agreement
VINOD KUMAR MALSARIA
(Querist) 28 May 2014
This query is : Resolved
sale agreement with buyer & seller on Rs-100 stamp paper without notary.
as per agreement seller liable to registred sale deed up to 10th feb-2014 after full payment but till date buyer not done the full payment & seller not execute the sale deed. as on date buyer agree for full payment but seller not ready for registration he say that buyer not done payment till 3 month so he is not liable for registration & amount of advance has been forfieted.
in this situation what seller is right...
ajay sethi
(Expert) 28 May 2014
seller should cancel the agreement if payment not made within stipulated period . refund advance money paid . best option is amicable settlement . execute sale deed on receipt of full payment
BAALASUBRAMANNYAMM
(Expert) 28 May 2014
If you are a "Seller", you can cancell the Agreement and to refund the advanced money, after forefieting any amount, if such clause if there.
If you are a seller, send a notice asking him to come for registration. In case of failing, you can approach civil court for "Specific Performance of the Agreement".
Rajendra K Goyal
(Expert) 28 May 2014
Better try to solve the matter amicably.
Whether the agreement contains any fortifier clause in case of default?
Raj Kumar Makkad
(Expert) 29 May 2014
I have also the similar opinion as expressed above.
