Cancelation of sale agreement for non payment.

May 22, 2026 4 views 0 answers
Property Law
Masoom Sonde
May 22, 2026
Property Law
► I have executed sale agreement on 7th April this year for my flat. The buyer had paid me 10% & was to pay remaining amount through bank loan,but the loan has not been disbursed yet. In the agreement it's mentioned 'if buyer fails to pay remaining amount within 2 months of date of execution the seller has right to terminate this agreement by giving 15 days notice '. My question is if the buyer fails to pay remaining amount and I send notice for cancelation of agreement can the buyer challenge same in court?
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