Hi,
I am the owner of a land. I have enter into an agreement with buyer, He paid me advance and agreed to pay rest of the money and go through the registration process in one month.
After one month when i asked him to pay me rest of the money and start the registration process, he said he is unable to do so as he has no funds.
Am i liable to return his advanced money? As such there is no clause in agreement of sale about the advance payment in case buyer is not able to buy the property.
What should i do ?
Please respond me