Sale agreement

K PALANIVEL (Querist) 23 May 2017 This query is : Resolved
Sir,
I made an agreement (not registered) in 2006 to sell my land and received a small amount as advance. The period of contract is for 3 months. I approached the purchaser so many times for sale but till date, the purchaser has not come forward for purchase of the land. What is the limitation period for contract? What I can do sir? Kindly advise. What is the legal status of the agreement?

K.PALANIVEL

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Guest (Expert) 23 May 2017
The Period for any agreement to enforce any Legal Remedy it self is 3 years

Guest (Expert) 23 May 2017
Any Un Registered document will not be Legally considered in Courts also.

Guest (Expert) 23 May 2017
Yours is an Un Registered document with no legal value.

Guest (Expert) 23 May 2017
And it is Time Barred also

Guest (Expert) 23 May 2017
If all the Original Documents are with you then you are Safe.

Guest (Expert) 23 May 2017
Forget about that Buyer and Proceed with your Other decisions.

Guest (Expert) 23 May 2017
All the Best

Hemant Agarwal (Expert) 23 May 2017
1. Based on the "period of contract of three months", ISSUE a proper "legal notice" to the purchaser, under proper acknowledgement, to conclude the deal or the deal stands forfeited after 30 days of Notice.

2. Based on such Notice, look around for another purchaser and conclude the deal, without any further reference to the first purchaser. This will be safe & legal, for all purposes.

Keep Smiling .... Hemant Agarwal
VISIT: http://www.maharashtra-society-help-forum.com

Adv. Yogen Kakade (Expert) 23 May 2017
A your agreement is not registered.. it does not have any legal standing.

Adv. Yogen Kakade (Expert) 23 May 2017
If you have accepted the money through cheque or bank transfer, then send a legal notice to the purchaser for cancellation of the agreement.

Advocate Bhartesh goyal (Expert) 23 May 2017
"Time is essence of contract "agreement executed in the year 200,had to be performed within three months from its execution. As per Article 54 of Limitation Act, a suit for specific performance can be filed either expiry of the date mentioned in agreement or within three years of execution of agreement. Now buyer can't take any legal action against you. You are free to sale the questioned land to anyone. Follow the advice of NJS Raj Kumar.

R.K Nanda (Expert) 23 May 2017
nothing to add more.

Guest (Expert) 23 May 2017
Thanks Advocate Mr.Bhartesh Goyal

Guest (Expert) 23 May 2017
Author Mr.K.Palanivel Please do not send any Legal Notice to any one regarding this issue which could complicate.Just forget It.

Rajendra K Goyal (Expert) 23 May 2017
Agree with the expert Hemant Agarwal.

Guest (Expert) 23 May 2017
Agree With Mr.RK Goyal

Guest (Expert) 23 May 2017
Agree with Mr.Hemant Agarwal

Guest (Expert) 23 May 2017
Well Advised by Mr.Hemant Agarwal

Sale agreement

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