Dear Client
Review the Agreement to Sell:
Carefully review the agreement to sell that you entered into with the buyer. Pay close attention to any clauses related to cancellation, default, and dispute resolution.
Attempt Communication:
Continue attempting to contact the buyer through written correspondence (emails, letters, text messages, or notices) and document your attempts. Request the buyer to mutually cancel the agreement if they are unwilling to proceed with the sale.
Send Legal Notice:
If the buyer remains unresponsive and unwilling to cooperate, consult with your lawyer to draft a legal notice demanding compliance with the agreement's terms or cancellation of the agreement. The legal notice should specify a reasonable timeframe for the buyer to respond.
Proceed to Court:
If the buyer still does not respond or refuses to cancel the agreement, you may need to initiate legal proceedings. Your lawyer can help you file a suit for specific performance or cancellation of the agreement in the appropriate civil court.
EC Cancellation:
If the property has been registered and you want to cancel the agreement, you may need to approach the Sub-Registrar's Office where the property was registered. The cancellation process typically involves submitting an application for cancellation along with the relevant documents and paying the necessary fees. Consult with your lawyer for guidance on this process, as it can vary by location.
Recover Earnest Money:
If the buyer has paid earnest money, discuss the procedure for its refund or forfeiture as per the terms of the agreement.