Cancellation of sell agreement
Arun Desale
(Querist) 07 January 2012
This query is : Resolved
I entered into registered sell agreement to sell 1 acre agricultural land to a person @ Rs. 50,000. The agreement is made on 2,000 Rs. stamp paper.I received Rs. 40,000 in advance. The purchaser also paid due stamp duty to Govt. In the agreement time limit is not mentioned for sell deed. As the land comes under 'The Bombay tenancy and agricultural land act 1948 I brought 'Sale permission' from collector office in the name of purchaser. The validity of sale permission was 1 year which is expired at this moment. Its been 1 year and 9 months after sell permission date. Inspite of repeated asking the purchaser didn't come for sale deed.
Could I cancel this agreement now to make find new puchaser?
Please advise me in this regard.
ajay sethi
(Expert) 07 January 2012
you have agreed to sell land for Rs 50,000 . purchaser has paid rs 40,000 . since purchaser has refused to pay balance amount issue him legal notice to pay the balance amount .
your problem is that agreement does not mention time limit for making payment . he can make balance payment even now as no period is specified in agreement . why dont you consult lawyers before drafting agreement . ?
Raj Kumar Makkad
(Expert) 07 January 2012
repeated query which has already been replied very well.
Shonee Kapoor
(Expert) 08 January 2012
Agreed with Ld. Mr. Sethi.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
prabhakar singh
(Expert) 08 January 2012
repeated query...i have just replied.
Arun Desale
(Querist) 08 January 2012
Sorry for posting the query twice. As I was not familiar to the sight, I wanted to post the query in both 'property law' and 'legal document' sections because I was not awared of what type of query is of mine.
