What happens if cheque bounces on sale deed?

If the cheques which are bounced were mentioned in the registered sale deed then no problem, simply file declaratory suit ( your lawyer will guid you). If not, then file cheque bounce case and you will get your money back but not the property.

How can a registered agreement be Cancelled?

If the Vendee does not fulfill the terms of the Agreement then Vendor by serving a legal notice can cancel the agreement even if it is registered and can sell the property to any other person.An agreement whether registered or not can be cancelled on breach of its terms. Time is the essence of the contract.

Under what circumstances a cheque must be dishonored?

Cheques are dishonoured by the bank if there are insufficient funds, a signature mismatch, overwriting or a stale date.

How can I cancel sale deed if cheque bounces?

cancellation of sale deed

1. for the cheque of sale consideration is dishonoued, then the criminal complaint can be filed in the police station for cheating.
2. criminal cheque bounce case can be filed in the magistrate court.
3. suit can be filed in the civil court for making the sale deed null and void.

What is the limitation for cancellation of sale deed?

The time limit for cancellation of sale deed according to the Limitation Act is 3 years. You can challenge the sale deed before the civil court and you can also file an FIR in the court for cheating and criminal breach of trust.

Is sale agreement valid without registration?

Validity of an Agreement Without Registration Sale Agreement, which is not registered, is enforceable in Law, and all stamp shortage charges can be paid through the order of the court. Such agreements stay valid for 3 years from the execution date.

Does the agreement for sale have to be registered?

It is absolutely mandatory to get a sale deed registered. A sale deed has details including details of buyers, and sellers, property area, construction details, sale amount (token, pending), date of possession, etc.

Can a buyer cancel a sale agreement?

Yes, you can cancel the agreement to sell as the purchaser has failed to comply with the terms and condition of the agreement. Thus, you can proceed to cancel the agreement by issuing a legal notice to him through your lawyer. However, you have to refund the money paid by the purchaser for booking your flat.

Can sale agreement be Cancelled?

You can terminate the agreement by giving a notice to the buyer stating that you are no more interested to sell the property since he has not paid any advance amount towards the consideration of sale so far. Consult a local lawyer and take decision as per his further advise after seeing the agreement paper.