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Baljeet Singh. Sunny 14 June 2021

Part Payment

If in a sale agreement of a property, its mentioned that both the parties have mutually agreed that second party will make part payment before the last date in specified month. And in case the second party fails or delays to make part payment , then what can be its consequences , can first party cancel the deal?

Quick Summary

This discussion clarifies the implications of a part payment clause in a property sale agreement. If the buyer fails to make a part payment by the agreed date, it constitutes a breach of contract. While the agreement might not explicitly state cancellation, the seller can issue a formal notice citing the non-payment as grounds for terminating the deal.

4 Replies

Sankaranarayanan (Advocate) 14 June 2021

State the facts clear. Both the parties should act upon the agreement , if any one deviate from the agreement then it is breach of contract.

Baljeet Singh. Sunny 14 June 2021

no such thing is mentioned in agreement regarding cancellation

Sankaranarayanan (Advocate) 14 June 2021

Then send a formal notice stating based on the agreement you failed to pay the part therefore the agreement treated as cancel

Baljeet Singh. Sunny 14 June 2021

we are the second party

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