We have a property in suburb of Chennai, about 5 of our relatives have each 1 ground. All of us decided to sell the property. A buyer came to us and finalised the price and, he said that he would by the property in a months time. Based on this a form of intent to sale (aggrement) was drawn in a green sheet. That he shall by the property from us with in 30 days from the date on entering this agreement. Of the 5 parties on the day of agreement only 3 parties where there and they sigined sigined the document.
It is 4 months from the date on which such aggrement is made, can we cancel the agreement?
What is the reamady available?
What is the legal procedure to be followed?
Kindly suggest, Thanks in Advance.
