• Property buyer issue - I want to cancel the sale deed agreement as I am not satisfied with the buyer

I planned to buy a resale apartment in the complex where I live in a rented apartment.
I finalised the deal for 73.5 lakhs for a 3 BHK apartment and signed a sale deed on 4th June 2019 and its validity is for 60 days. I paid one lakh as advance and rest once bank loan is approved. I specifically mentioned the flat should be vacant at possession, I made arrangements for my loan and it got processed. The buyer took a longtime to vacate the plot and I came to know that the tenants created a lot of issues notpaying rent for months together.
Now I am very worried about the credibility of the buyer and want to cancel this deal. I am not happy with the property now as there are lot of third party realty brokers involved and I fear interference after buying it. 
When I told to buyer, he threatening that sale deed is still valid and I will sue you if you dont buy the flat now.
Need expert advice on how to proceed further
Asked 4 years ago in Property Law
Religion: Hindu

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16 Answers

See firstly it is responsibility of seller to handover the peaceful possession of the property if he is not able to do that you can cancel the property transaction and can ask for refund. If he is giving you peaceful possession of property and title of the property is clear then in that case you don't have to worry and can go ahead for purchase,

Also yes since there is sell agreement signed he can go for the specific performance suit.

Shubham Jhajharia
Advocate, Ahmedabad
25514 Answers
179 Consultations

5.0 on 5.0

1) seller is absolutely correct 

 

2) he can file suit for specific performance if you fail to make balance payment within time stipulated in the contract 

 

3) as on date seller is in position to offer you vacant possession of apartment 

 

4) litigation is long drawn  and expensive proposition 

 

5) dont cancel the deal 

Ajay Sethi
Advocate, Mumbai
94726 Answers
7536 Consultations

5.0 on 5.0

Are you a buyer or seller?

Regards 

G.Rajaganapathy

Lawyer 

High Court of Madras

Rajaganapathy Ganesan
Advocate, Chennai
2132 Answers
8 Consultations

4.9 on 5.0

Sale deed or agreement to sale ?

No case made out against you, move from the deal and demand for refund. 60 days period of also over. agreement expired.

Sale of property means free from all encumbrance, And third party involvement in the property itself a ground to reject the deal.

Yogendra Singh Rajawat
Advocate, Jaipur
22636 Answers
31 Consultations

4.4 on 5.0

than by efflux of time , agreement is expire as builder not able to provide you vacate and peaceful possession in given time. Issue notice for cancellation of agreement and refund or file police complaint. 

Yogendra Singh Rajawat
Advocate, Jaipur
22636 Answers
31 Consultations

4.4 on 5.0

Yes Sir I understood your situation here , see in case the property title is perfect you, are interested to buy it and also possession on day is available then sometimes sellers can be messy go ahead with the deal, if he is not able to provide vacant possession then terminate the deal and seek refund. 

Shubham Jhajharia
Advocate, Ahmedabad
25514 Answers
179 Consultations

5.0 on 5.0

Make full payment at time of execution of registered sale deed 

Ajay Sethi
Advocate, Mumbai
94726 Answers
7536 Consultations

5.0 on 5.0

Dear Sir,

Buyers can terminate real estate contracts under certain conditions. Sellers have fewer opportunities to cancel, but may be allowed to keep buyer deposits if purchase agreements are canceled for some or no reason. Home buyers can't back out just because they've changed their minds,

Netravathi Kalaskar
Advocate, Bengaluru
4952 Answers
27 Consultations

4.8 on 5.0

You can cancel the agreement upon failure of terms by the seller. 

Kallol Majumdar
Advocate, Kolkata
2837 Answers
14 Consultations

5.0 on 5.0

Issue a notice to his by cancelling the sale agreement entered with him and ask him to remit the advance amount paid by you. If he refused to repay the advance amount then lodge a criminal complaint against him for cheating. You can also file a civil suit to recover the advance amount. In the said notice, you have to mention that the sale deed not taken place because of the failure to hand over the vacant possession.

Selva Perumal
Advocate, Chennai
339 Answers
36 Consultations

4.9 on 5.0

You can cancel the deal. But if there is a registered agreement you can't do it unilaterally. He will challenge the same in court. You can take ground of breach of contract

Prashant Nayak
Advocate, Mumbai
31951 Answers
179 Consultations

4.1 on 5.0

you can cancel the sale agreement as the seller has failed to comply with the terms and condition of the agreement. The cancellation of an agreement (sale agreement) depends on the terms mentioned in the agreement.

Mohammed Mujeeb
Advocate, Hyderabad
19299 Answers
32 Consultations

4.7 on 5.0

If the seller is not ready to deliver vacant possession of the property proposed to buy then yo may inform the seller by a notice that since he did not comply with the conditions of the sale agreement you are cancelling the agreement and demand him to return the advance amount paid to him.

After that if he still insists on legal action, you may initiate legal steps to recover your amount lying with him by filing a money recovery suit.

T Kalaiselvan
Advocate, Vellore
84925 Answers
2196 Consultations

5.0 on 5.0

Yes, since it is a sale agreement, you can very well initiate action to cancel the same by issuing him the legal notice as the period for registering the sale deed is over and he was not ready to perform his part of contract as on the date of expiration of the time mentioned in the sale agreement.

 

T Kalaiselvan
Advocate, Vellore
84925 Answers
2196 Consultations

5.0 on 5.0

You have to send a notice to the buyer stating that the sale agreement has expired and asking for refund of the advance paid by you within a set deadline.

Swaminathan Neelakantan
Advocate, Coimbatore
2797 Answers
20 Consultations

4.9 on 5.0

  1. As per the information mentioned in the present query, makes it clear that there has been an agreement of sale and the same stand expired now.
  2. And I believe that there is no clause in it which might talk about any condition to be full filed after the expiry period.
  3. And if this is the case then both you can’t sue each other for any fault at whosoever end.
  4. It is because of the reason that neither of the party proceeded further for the enforceability of the agreement.
  5. Make sure that there is no proof at his end in which he has showed the interest in selling but you denied then he might come up with some other objection that you will have to rebut before the court of law.

Sanjay Baniwal
Advocate, South Delhi
5474 Answers
13 Consultations

5.0 on 5.0

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