Dear Sir,
I'm the seller, I've made agreement with buyer for my house sale. As per agreement,the registration has to be completed by 26april 2020 I.e. 60days from agreement signed date. However as due to COVID lockdown registration was unable to complete. And also as per agreement it was mentioned that balance amount has to be paid which was also not paid by the buyer to seller within 60days. So now can the seller doesn't want to extend due to the home is under loan and want to cancel the agreement as he was unable to continue with home loan emi payment during lockdown. There is no clauses mentioned in agreement. Only mentioned as to be registered within 60days and balance amount to be paid. request for suggestions.
Hello Naveen!
Does your agreement have a clause of force majeure. if yes, then it has to looked into before deciding to terminate the agreement by the efflux of time.
Without looking into the agreement, it is difficult to give you any proper advice.
You may share the copy of the agreement for the perusal at: rohit@dalmialaw.com
Regards,
Adv. Rohit Dalmia
