Agreement For Sale
this is Nishant from Patna, Bihar. I had to sell my land. I did an agreement for sale for Rs. 25 Lakh and the purchaser gave me 20 Lakh advance. The agreement for sale was registered before registrar. The total time duration of agreement was 16 months. Now, 16 months has passed but he didn't pay me the remaining amount and didn't come forward to take the land. I just wanted to know, as the time duration mentioned in the agreement has expired, can I can take loan on the land or sell it to another person now ? Or have i to move to the court first?
Free Legal Advice - property dispute
Posted by: Nishant Kumar
Posted on: 2020-10-14
1. You cannot take loan over the said land as you already sold the land and done the registration of sale agreement. 2. You cannot sale it to another purchaser without cancelation of existing Sale Agreement. 3. You need to issue a.legal notice to the purchaser for his performance according to sale agreement and if he fails to comply the notice within stipulated time as per legal notice, then after expiry of stipulated time of legal notice you have to file Suit for Specific Performance before the Hon'le Civil Court.
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Free Legal Advice - property dispute
this is Nishant from Patna, Bihar. I had to sell my land. I did an agreement for sale for Rs. 25 Lakh and the purchaser gave me 20 Lakh advance. The agreement for sale was registered before registrar. The total time duration of agreement was 16 months. Now, 16 months has passed but he didn't pay me the remaining amount and didn't come forward to take the land. I just wanted to know, as the time duration mentioned in the agreement has expired, can I can take loan on the land or sell it to another person now ? Or have i to move to the court first?
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