Legal Question in Real Estate Law in India

Agricultural land agreement

Dear Sir,

I had an agreement to sell my late father's property the buyer 20 lakhs in advance & agreed to register the property within 3 months. the deadline has long passed by and he is asking for 3 more months stating the market downward trend. unfortunately for me there were no clauses in the agreement. how can i go about this?

please help me

naveen


Asked on 2/20/09, 3:24 am

2 Answers from Attorneys
Shrichand Nahar S.V.Nahar, Advocate

Re: Agricultural land agreement

Time can be made essence of a contract, even if not originally made.

Please consult your lawyer and take steps as advised.

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Answered on 2/21/09, 3:46 am
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: Agricultural land agreement

You may consider granting him extension of three months so that he may make arrangement of the balance amount. It may be stipulated in the extension letter / agreement that if payment is not received by you within that time, the previous payment may be forfeited.

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Answered on 2/20/09, 7:26 am


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