flat agreement cancealation
3 years ago
I buy new flat in dec 2018. property amount was 5225000. i have paid 4400000. and remained amout has to be paid 825000. but it became difficult for me to paid remain amount. builder sent me reminder and he said he will canceal agreement if i dont pay remain amount by 13 oct 2020. i am noy able to pay remained said amount now i am under tremendous pressure . please advice me
DIYAVARHUSSAIN SHAIK
Responded 3 years ago
A.Dear Client
As per your inputs you not able to pay the part of the property value due to your financial positions now, better write a letter of appeal to your builder describing your financial situation further mention that most of the transaction amount is paid only a small portion is to be paid, the owner will consider. mention in the letter whn you are going to pay the balance amount.
As per law the owner is in positive place so better you settle the issue with a kind appeal
As per your inputs you not able to pay the part of the property value due to your financial positions now, better write a letter of appeal to your builder describing your financial situation further mention that most of the transaction amount is paid only a small portion is to be paid, the owner will consider. mention in the letter whn you are going to pay the balance amount.
As per law the owner is in positive place so better you settle the issue with a kind appeal
Helpful
Helpful
Share
Jayaditya Gupta
Responded 3 years ago
A.See, if you do not want the flat any more, then you can cancel the flat which you booked and paid the consideration against the said flat and demand the refund which I am in practice over the years. But if you want to have that flat, then write an undertaking to the builder explaining your situation that you are willing to keep that flat and in some time you will pay the rest of the amount. And one more thing, if there is an agreement, then there will be a clause that at time of possession of the flat, you have to pay the possession amount (so you can deduct the amount which is pending as of now and on contrary ask the builder to hand over the possession and take the possession money % which is mentioned in the agreement when the registry is done of the said flat.)
Regards.
Regards.
Helpful
Helpful
Share
A.Hi,
You can ask the builder to consider your situation. If there is an agreement what are the conditions mentioned it in regarding the payment.
You can ask the builder to consider your situation. If there is an agreement what are the conditions mentioned it in regarding the payment.
Helpful
Helpful
Share
Ayantika Mondal @ Prime Legal
Responded 3 years ago
A.Hi,
You can ask the builder to consider your situation. If there is an agreement what are the conditions mentioned it in regarding the payment.
You can ask the builder to consider your situation. If there is an agreement what are the conditions mentioned it in regarding the payment.
Helpful
Helpful
Share
Read Related Answers
Property Dispute.
Dear Sir,
You may file simple suit for partition and seek accounts of income received from such land and claim your share in liquidated mense profits.
Agriculture Land Purchased in Gujarat from Non-Farmer Seller
Dear Sir,
Please consult local advocate who is well acquainted with local laws particularly revenue laws otherwise you may be mislead.
Registered legal entity as nominee of chs flat Mumbai
Dear Sir,
Registered legal entity may be nominated but it cannot sell the property after the death of such title owner and it goes to the legal heirs of title owners unless the legal entity get Gift D...
Sc st land purchase by obc mp dist narmdapuram
Dear Client,
Section 42 of the SC, ST Act, 1989 prohibits the sale of SC land without approval. This law was enacted to protect the interests of the SC/ST tribe. However, you can acquire SC/ST land b...
Property share
Dear Sir,
Under the Muslim law, there are three classes of heirs
• SHARERS, they are entitled to a prescribed share of the inheritance. In case of a man’s property, his wife/wives are the sharers of...
Read Blogs on Property
Property Lawyers
Find Lawyers by Location
