4) You are free to execute a new contract with another buyer, when will your commitment be released from the contract? Given the facts and circumstances, I think you should wait until 31.12.2017 and, if he refuses to pay the balance, his advance will be cancelled by Rs.1L. I can assure you of that. Wait two months to avoid unnecessary complications/disputes. An agreement is reached or terminated if the intention of both parties is bonafide. In your case, the other party will never give anything in writing. However, he may agree to enter into a contract to terminate the sales contract if you return the advance of Rs.1 lakh. The whole mess is for the refund of a lakh. It is up to you to decide to win 1 Lakh and in a new contract in Jan, 2018 or refund Rs.1 lakh and conclude a new agreement with potential buyers. 1. According to the terms of the aforementioned sales contract, “time is the heart of the contract.” Hello, you can not enter into a contract until 31 Dec. It is advisable to mark your presence in the tehsildar office on December 31, as proof in the future that you have appeared for the execution of the sales statement.
After December 31, send him a legal opinion to execute the filing of the sale within 30 days, otherwise you will have the right to finish the frozen amount and the agreement will be terminated, dear sir/wife, you asked a good question. In accordance with your request, you should wait until 31-12-2017 and, subsequently, you must make a legal notification to the buyer in question ready to sell as today, and you too will have to quote in the legal communication above, if not for the purchase within the fixed time limit (31-12-2017) if he does not, the reserved amount will be cancelled and stand up, as the sales contract in question has been terminated under the law. After issuing the legal indication, the buyer gave an answer or not to respond to the same. …. This is a proper legal procedure… it will avoid future litigation on a permanent basis…. If you want more advice in this regard… Please contact me. Unfortunately, I am writing this letter to officially inform you that I am cancelling the sales contract with the reference [entry reference] signed on the [signature date] of the letter. The reason I revoke the contract is on [mention the reason for your termination]. First, the retraction clause in the sales contract provides that if the seller is late in payment, he gets his advance. Second, if the agreement is for sale between two people, the termination agreement should not also be between the two people, instead of taking a single letter from a seller.
Finally, if suddenly before The 31st (date of the last payment by appointment) the seller collects money and claims the property there will be no problem. Pl advise you on the safest methodology. First, you will receive a written email or letter on the termination of the agreement and then take the next step of sale B. You can send legal information to the buyer via the RPAD and you must report that the contract has been terminated because registration was not possible. There is a difference between dementia and the sales agreement. As such, even the sales agreement must be regiatered. It is invalid an initio, if not registered. 3. In addition, it appears that at the end of the prescribed 3-month period, you have several warnings to the buyer, but he has not concluded the sale.