Dear Querist
My opinion on your queries are as under:-
1.In my property sale agreement , no clause for interest is mentioned if payment is not made within defined timeline. In this scenario, as a buyer m i liable to pay any interest on outstanding amount .
Opinion: Only the terms and conditions of the sale agreement will be enforceable, no terms and condition apart from the sale agreement can be imposed by any party of the agreement in any condition until and unless execution of another agreement with new terms and conditions.
2. Is their any default clause for interest for property sales transaction.
Opinion: Its depend on the mutual agreement of the parties.
3. Can i cancel this agreement and get my stamp duty and registration fee back.
Opinion: It is your right to cancel the agreement but stamp duty and registration fee can not be back.
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