My husband and I own our house, but due to family circumstances, he sold it in November with a 6-month agreement. The buyer paid a down payment of 30 lakhs, but now he wants to register the property in his name after paying only half the amount. He claims he’ll get a loan for the rest and needs another two months. We’re hesitant as we’ve already used the advance payment to settle our debts and need to find a new place to live. What should we do?
Best Answer
The buyer’s request to register the property after paying only half the amount is legally problematic. You are not obligated to register the property before receiving the full agreed upon amount. Seek legal counsel to understand your rights and options, including potential legal recourse against the buyer for breach of contract.
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