Hello,
I am planning to sell my property in Mumbai. I had a verbal agreement with a broker who has taken a token amount vide cheque on my behalf and my relative has acknowledged (on xerox copy).
I am currently outside Mumbai, so I have requested my relative not to deposit the cheque until I personally meet the buyer in Mumbai.
My house is mortgaged to a bank and my original documents are with the bank, but the broker states that we can still go ahead with making a new agreement & registeration procedures, so I am a bit confused.
In case I don't agree to the buyer's (or broker's) terms & conditions, can I return the (undeposited) cheque and call off the deal? Will there be any consequences if I do so?
Would appreciate an immediate response.
Thanks in advance.
Kind Regards
BMD
