Refund of advance sale agreement money
2 years ago
I have paid 10 lakh as advance money for purchasing a plot in patna bihar 6 month ago on 27/09/2021 executing a sale agreement on 1000 e-stamp paper with a validity of 6 month period. But now i don't want to purchase it because I would not get clear and marketable title over it was the housing co-operative land which is presently in liquidation and the seller had not obtained any noc from it. The only negative point in the agreement is that I would get the refund only when I come to know the property is defective. There is not mentioned in the agreement for forfeiture of the advance money. Kindly guide the procedure to refund the advance amount asap.
A.Dear Sir,
Get issue a legal notice and cancel the agreement and ask for refund of entire amount failing which you may approach Civil Court to get your amount refunded along with interest thereon.
Get issue a legal notice and cancel the agreement and ask for refund of entire amount failing which you may approach Civil Court to get your amount refunded along with interest thereon.
Helpful
Helpful
Share
A.Dear Client,
As per the facts which have been provided, you can talk to the seller and come on a mutual agreement to cancel the agreement.
Hope this clarifies your query and requirement.
Thank you.
As per the facts which have been provided, you can talk to the seller and come on a mutual agreement to cancel the agreement.
Hope this clarifies your query and requirement.
Thank you.
Helpful
Helpful
Share
A.Dear Client
You can reach out to the seller and basis the sale agreement you can ask him to cancel and terminate the agreement and seek refund of your advance amount paid to him. As per your question the property is defective as marketable title will not be there hence go ahead with the cancellation.
You can reach out to the seller and basis the sale agreement you can ask him to cancel and terminate the agreement and seek refund of your advance amount paid to him. As per your question the property is defective as marketable title will not be there hence go ahead with the cancellation.
Helpful
Helpful
Share
Read Related Answers
Termination of contract
Dear client,
Please verify with the terms and conditions of the contract verify with if the project has been suspended temporarily or permanently. you can send a legal notice to the company for breac...
West Bengal Tender for Fortified Rice
Dear sir
You may challenge negative order either before higher authorities or by approaching civil court or High court.
Breech of Employment Agreement
Dear Client,
Here are the responses to your query no.1) What are some legal actions that they can raise? Ans: The company can file a civil suit against you for damages caused by a breach of its policy...
Fraud money by friend
Dear Client,
Unfortunately, in the absence of any documents/evidence supporting your claim from your friend, there is no possible way or legal remedy to recover the money from your friend even through...
civil law
Dear Client,
When a suit related to a property is sub-judice(pending) before a Court of Law, that cannot be a subject matter of an agreement or contract. Being aware of the facts if the parties made a...
Read Blogs on Contracts and Agreements
Contracts and Agreements Lawyers
Find Lawyers by Location