Sold plot, token money recived party not doing byana
Laljit
(Querist) 12 March 2012
This query is : Resolved
sir,
I sold plot , i recieved 50,000(fifty thousand) as token money. we both signed on a plain white paper not having any ticket or any stamp paper.
but now after 15 days of recieving token money party is not doing byana and giving me excuses that they will do the byana with in few days.
I am urgent need of money. thats why i sold my plot.
My query is that can I sell my plot to any other party. and whether I have to return the buyer his token money, which was on a blank paper. It will create me any problem or not. please help...
Deepak Nair
(Expert) 12 March 2012
You are free to sell the land to anybody in absense of a registered agreement to sale.
In good faith, it is advisable to return the money so as to avoid issues in future.
ajay sethi
(Expert) 12 March 2012
issue legal notice to buyer that he has failed to pay balance amount within stipulated period .grant him 15 days time to pay balance amount . if he fails to do so
return the token money . take an acknowledgement from buyer that he has received the acknowledgement. then sell the plot .
KANDE VENKATESH GUPTA
(Expert) 12 March 2012
immediately issue a notice calling him tp pay sale consoderatipn agreed within specified time and informing if amoount is not paid transaction is deemed to be cancelled.. thereupon you would be entitilrd to sell to third parties
