Validity of a notarized land sale agreement out time period
10 months ago
I am seller of a piece of land. The buyer made a notarized agreement on a Rs10 stamp paper, for a total value of 29 lakhs, without mentioning a date(by which he intends to complete the purchase). Buyer paid 2 lakh in advance during signing of agreement.Rest money has to be paid on date of registration of land (no mention of any date). 8 months has passed since then, no more progress by buyer.
Is this agreement (with no specific date by which the purchaser has to oblige) valid ? If valid, how the saler canget out of the agreement ? I am ready to return the advance money.
A.Dear Sir,
Get issue legal notice to pay the amount within certain period if balance is not paid threaten to cancel the sale agreement. Normally, such agreements without any date of registration then from the date of cause of action three years period will be counted.
Get issue legal notice to pay the amount within certain period if balance is not paid threaten to cancel the sale agreement. Normally, such agreements without any date of registration then from the date of cause of action three years period will be counted.
Helpful
Helpful
Share
A.Hello,
As per the information you have given, if he does not pay the residue amount, you can file a civil suit by consulting a lawyer.
As per the information you have given, if he does not pay the residue amount, you can file a civil suit by consulting a lawyer.
Helpful
Helpful
Share
Read Related Answers
SRA property buying
Dear Client,
In the absence of NOC from the authority(SRA) permitting the transfer of SRA property and registration paying the requisite stamp duty, and registration charges, all the transfers done ba...
Illegal termination
Dear Client,
Yes, the step adopted by Sanofi is illegal and unjustified under IDA 1947 for non-compliance with the mandatory provisions of Sec.25F & 25N of the Act. Termination without notice amounts...
Forgery of my signature
Dear Client,
As per Section 463 of the Indian Penal Code, 1860: Whoever makes any false document or false electronic record or part of a document or electronic record, with intent to cause damage or i...
Sale of Property
Dear Client,
If minor children receive property by inheritance or otherwise, according to the Hindu Minority and Guardianship Act of 1956, even the father whose name appears in the property deed as th...
Used Vehicle Purchase - Previous Owner not giving Bank Loan NOC
Dear Client,
Firstly, keep a record of all your communication with the seller, including text messages, emails, and any other written correspondence. Further, gather all evidence of the digital fund t...
Read Blogs on Sale
Sale Lawyers
Find Lawyers by Location