90,000+ Legal Questions Answered
Advance for Property
10 months ago
I was about to sell a land in Tamil Nadu and received a token advance of 5 lakhs through bank. Latter
I made up my mind to not proceed with the deal.
I spoke to the buyer regarding the cancellation of deal asked for his bank details to return the advance received with the interest as per the normal savings account . The purchase has not provided the account details and more than a year has passed .
Since the purchaser lives in a different district , I am not aware of any other details regarding him. Once in while he calls and request to reconsider my decision .
Will this be a issue at latter stage when I actually want to sell the land to a different person .
A.Dear client,
If you have executed an agreement of sale, it is not legally binding on you. We would advise you to get a legal notice issued to him with the help of your lawyer and get the agreement of sale revoked as soon as possible to avoid any sort of discrepancies
If you have executed an agreement of sale, it is not legally binding on you. We would advise you to get a legal notice issued to him with the help of your lawyer and get the agreement of sale revoked as soon as possible to avoid any sort of discrepancies
Helpful
Helpful
Share
A.Dear Sir,
Better get issue a legal notice and terminate such deal and express your intention to cancel the deal and refund the advance amount. If it is registered agreement then file a suit for cancellation of such agreement by depositing advance amount in the court.
Better get issue a legal notice and terminate such deal and express your intention to cancel the deal and refund the advance amount. If it is registered agreement then file a suit for cancellation of such agreement by depositing advance amount in the court.
Helpful
Helpful
Share
Read Related Answers
Inheritance Rights Dispute Over Mothers Property in Bengaluru
Dear Client,
A property when left by the deceased owner intestate i.e, without any will, is devolved upon the surviving legal heirs in equal share following the law of inheritance/succession. After t...
EWS Certificate
Dear Client,
The death certificate of a deceased person is a crucial document that is mandatorily required for the issue of a legal heir certificate either by the Municipal Authority or to apply for a...
POA from SriLanka to India citizen Resident Indian
Dear client,
If the seller of the property is not now in India, he can still execute a POA abroad, but the process is slightly different. His first step is to visit the Indian Embassy or Consulate in...
Darkast agriculture land sale
Dear Sir,
If there is perpetual restraint from selling the land then the grandson cannot sell without the permission from the Deputy Commissioner. The conditions in the Darkasth to be read.
Mutation of property in authority records based upon registered gift deed
Dear Sir,
Yes, the mutation will be taken place as jointly in respect of your respective wives. You have to produce certified copies of both the Gift Deeds.
Read Blogs on Property
Property Lawyers
Find Lawyers by Location