Token money
shruti pawar
(Querist) 18 September 2012
This query is : Resolved
I am given Rs.10,000/- as token for flat purchase in miraroad to owner, he is sole owner of flat, There is no any document or agreement singed by us it is mutually agreed that I will pay Rs.190,000/- and at that time we will make a agreement for sale as received 200,000/- as token money, I paid him Rs.10,000/- in cross cheque in his name, now I came to know that building construction is done without any local authority approval now when I demanded to give back my token money i.e Rs.10,000/- he saying I will return this amount in cash but you have to pay around Rs.9000/- to my agent. I am not agreeing for this and when I demanded to pay this amount in cross cheque to my name he is saying that now I will not going to return your amount, in this situation what I have to do.
Devajyoti Barman
(Expert) 18 September 2012
You have no proof to show that the money was paid as earnest money towards a property.
You are really in a tricky situation.
Try to negotiate with him as whatever you get would be a bonus as the money is otherwise lost.
shruti pawar
(Querist) 21 September 2012
can i issue legal notice to seller to refund the money
ajay sethi
(Expert) 21 September 2012
issue legal notice if you so desire but as pointed out by experts you have no evidence money was paid as earnest money
