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AMARNATH   06 January 2023

selling property

Dear supporters,
we have made an agreement of selling a piece of land and the buyer has given some amount as well. if we wish to cancel that agreement and not want to sell the property now. then how it can be possible to cancel that agreement or is there any legal action would be taken against us.

kindly suggest the same.

Regards


Quick Summary
A seller has entered into an agreement to sell land and received a deposit. They now wish to cancel the sale and are seeking advice on how to proceed and if legal action might be taken against them. The advice suggests repaying the deposit and mutually agreeing to cancel the contract to avoid potential enforcement of the sale through legal channels.

 2 Replies

kavksatyanarayana (subregistrar/supdt.(retired))     06 January 2023

Repay the amount which was received from the buyer and request him for cancelling the agreement, then both of you cancel the agreement.

Advocate Bhartesh goyal (advocate)     07 January 2023

Better settle the issue amicably else buyer can get enforced sale agreement through court.


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