Mou withdrawn by purchaser

The MOU should provide such contingency. If not raise the issue with the purchaser and settle the matter amicably. You can seek  for depreciation of the property if any ;  damages for having lost the opportunity of selling at earlier  time and expenses.

Hello Sai Kiran,

Thanks for reply. 

I have invested advance amount from purchaser to buy new flat. And now my flat purchaser want money back. What are the charges I can deduct from the Advance legally as MOU says notice period of 30 days to pay money but buyer did not pay and ask to cancel the deal after 30 days. I am having 30% loss from the new deal which I am doing due to delay. Please suggest.

Now my query is, after a period of 6 months of agreement, it has not executed and in between the agent sold the trees completely. I need money to construct a home so need to find a purchaser and i got it. Can i sell this to a new purchaser and the first agreement has any value? can the agent create any problem? am i eligible to repay 10lacs to him? Am i eligible to claim for expenses? can the agent create any problem if i do my new deal with new purchaser get registered?

Kindly clear all doubts. Request your mercy for a sudden response.