My father agreed to sell our property for 10 lakhs. The buyer initially paid 6 lakhs and got a notary made (not at the registrar’s office) stating this. He promised the remaining 4 lakhs at the time of registration, but didn’t specify a deadline. After 3 years, he paid 3 lakhs, but now we’ve changed our minds and don’t want to sell. The buyer is threatening legal action. We’re willing to pay interest on the 6 lakhs, but they only want the property. Will the court force us to sell, or can we simply return the money? What can I do to keep our property?

Apni Law
Apni Law
Law Forum › Category: Property › My father agreed to sell our property for 10 lakhs. The buyer initially paid 6 lakhs and got a notary made (not at the registrar’s office) stating this. He promised the remaining 4 lakhs at the time of registration, but didn’t specify a deadline. After 3 years, he paid 3 lakhs, but now we’ve changed our minds and don’t want to sell. The buyer is threatening legal action. We’re willing to pay interest on the 6 lakhs, but they only want the property. Will the court force us to sell, or can we simply return the money? What can I do to keep our property?
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Apni Law Staff asked 4 months ago

My father agreed to sell our property for 10 lakhs. The buyer initially paid 6 lakhs and got a notary made (not at the registrar’s office) stating this. He promised the remaining 4 lakhs at the time of registration, but didn’t specify a deadline. After 3 years, he paid 3 lakhs, but now we’ve changed our minds and don’t want to sell. The buyer is threatening legal action. We’re willing to pay interest on the 6 lakhs, but they only want the property. Will the court force us to sell, or can we simply return the money? What can I do to keep our property?

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Best Answer

Apni Law Staff answered 4 months ago

The buyer’s legal claim is weak as the agreement lacks a definite deadline for the remaining payment and the notary-made agreement lacks legal enforceability. You can likely avoid forced sale by returning the 9 lakhs with interest. However, it’s advisable to consult a lawyer to assess the situation and determine the best course of action.

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