Cancellation of Agreement to Sale.

Querist : Anonymous (Querist) 11 September 2019 This query is : Resolved
Hi we had made an agreement for sale for a flat in noida. The buyer payed me 10% of the property value. Now the buyer claims that his loan is not sanctioned due to some typological error in the sale deed and he wants to cancel the agreement. So my question is what is the procedure to cancel the agreement which is made on 100 rupees stamp paper and is only notarised. Do i have to just take back the original agreement or do i need to cancel it in a proper way.

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Isaac Gabriel (Expert) 11 September 2019
It is not registered.So it could be cancelled by an endorsement by repaying the amount.

Querist : Anonymous (Querist) 11 September 2019
Endorsement in the sence by the notary?

SHIRISH PAWAR, 7738990900 (Expert) 11 September 2019
Seller can take back agreement and pay the purchase price and take the receipt of amount paid.

kavksatyanarayana (Expert) 11 September 2019
Yes. You shall return the money to the buyer and obtain stamped acknowledgement from the buyer with your sale agreement.

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