Kumar Kumar (HOME) 03 February 2015

Cash receipt and legal strength

Hello Experts

I am Pavan and in the process of sale of my individual house, I have given a cash receipt on a white paper to buyer after taking 1Lakh of cash. It also had witness signatures.

Now, after taking that cash receipt, the buyer is not coming up for agreement of sale and says many reasons. I told him I want to refund the cash taken in full, the buyer is not coming ahead for this too.

I have also given xerox copies of link document and property documents of the property.

My question is, " can I sell my property to others" and is the cash receipt and xerox copies given to buyer stop me from selling my property?

I am very much worried. Please provide your valuable suggestion.

Regards

Pavan

Reply Follow

1 Replies

T. Kalaiselvan, Advocate (Advocate) 04 February 2015

If the buyer is not responding to our calls for taking his money back, you may issue a registered notice to him asking him to take back his advance amount lying with you by returning the photo copies of the title document held by him, and you can proceed with the sale of the property to a third party, there is no legal infirmity in it.