for break up of an agreement on property sell
shashank
(Querist) 30 July 2010
This query is : Resolved
My father has made an agreement of selling a property with a party with a small token amount showing a spacific last date for registration which is due to come, but there is nothing written about break up of the deal. Now if we wait for the last date to pass by without registration then after that date, would the agreement break automatically or there are some legal proceedings needed for the same?
bhagwat patil
(Expert) 30 July 2010
Is there any valid reason for breaking the agreement?
Devajyoti Barman
(Expert) 30 July 2010
It will be complicated if you go in writing. You better do not proceed with the agreement any more. The agreement for sale does not create any interest in the property.
Y V Vishweshwar Rao
(Expert) 31 July 2010
I agree with Mr Bhagvath patil !
The Agreement is entered by your father, the due date for performance is ahead ,not yet over , If your father has any valid reason to drop the Sale agreement, he has to return the Advance amount to purhaser and inform the purchaser how the sale is not possible !
