The sale deed is a crucial document in real estate transactions that completes the buyer-seller transfer of property ownership. But, there are situations in which you may need to cancel the sale deed. Coming to your query, is cancellation of sale deed allowed? Yes, you can cancel the sale deed but only under certain conditions which I mentioned below for you.
Can I Cancel the Sale of My Property After Entering an Agreement?
Yes, you can, but it is based on the circumstances and the terms of the agreement. Here are some common scenarios:
If both parties mutually agree to cancel the sale, you can do so without legal complications.
If the buyer doesn't fulfill their obligations, such as not paying the agreed amount within the stipulated time, you can cancel the agreement. You would have to provide the buyer with a legal notice and reimburse them for any money they paid in advance.
You may file a civil suit to void the sale deed if you discover the builder has committed fraud or misrepresented facts.
I would suggest you better hire a lawyer to understand your rights and the steps you need to take based on your situation. I hope you found this helpful.
Consult NoBroker Legal Experts to Know If You can Cancel Sale of Your Property After Entering an AgreementRead more
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Is There a Way I could Cancel the Sale of my Property After Entering an Agreement?
Sooraj
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2020-08-28T21:08:48+00:00 2025-01-07T12:56:30+00:00Comment
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