BAYANA AGREEMENT PDF

AND WHEREAS the FIRST PARTY for his bonafide needs and requirements have agreed to sell, convey, transfer and assign to the SECOND PARTY and the . Direct Property Deal – Token Payment AGREEMENT TO SELL This Agreement to sell is made at ______ on. On , the appellant entered into an “agreement to sell” (bayana agreement) under which she agreed all her claims with the respondent under the.

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So be cautious to avoid the litigation and return the money on the condition that they cancel the agreement. So get their signature on a cancellation agreement and then enter into a sale bsyana with a new buyer. DO not complicate on the issue of forfeiture of money.

Breach of agreement to sell and purchase / bayana agreement

It will cause more harm to you than giving any gain. You have no right to forfeit the amount received as advance.

Since this is an unregistered agreement, the agreement may be considered as a receipt byaana the money received by you.

As this agreement is not enforceable in law you may have to refund the amount received as advance with deductions towards some standard expenses. Whether they have responded to your call or not, they are within the limitation period seeking refund of money deposited with you, hence you have to legally honor their demand.

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If you still have little of the land you can go to the registrar office and sell the land to any person who so desires. The validity of such agreement in the eyes of law is void and they do not have any right to keep your property.

Breach of agreement to sell and purchase / bayana agreement

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Send a legal notice, review a legal document, etc. Legal advice and legal services. Validity of “Bayana” agreement We had made a bayana unregistered agreemeent of selling an agricultural land to a party one year ago.

The buyers gave us a token guarantee money equivalent to 4. The agreement included the clause that if the buyer fails to give the rest of the money within the 1 year time, their token money bayana will be forfeited.

Validity of “Bayana” agreement

After one year, at the decided time of sale deed registration, the buyers did not come to complete the sale deed, did not pay any further amount and also not picked up our phone calls. Now, after 6 months of that incident, when we have made an agreement with another party to agreemsnt the same sgreement, the previous buyers are asking us to return back their token money. I want to ask if it is right on their part to keep our land blocked for 1 year, not respond to our bayaba, do not fulfil the sale deed and now ask for return of token money despite of the forfeiting clause in the concerned agreement?

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Please tell, what should we do. Asked 1 year ago in Property Law from Delhi, Delhi. Since there is a forfeiture clause then you have legal right to forfeit the money.

Validity of “Bayana” agreement

As this agreement is not enforceable in law you may have to refund the amount received as advance with deductions towards some standard expenses Whether they have responded to your call or not, they are within the limitation period seeking refund of money deposited with you, hence you have to legally honor their demand. Hello, If you still have little ayreement the land you can go to the registrar office and sell the land to any person who so desires. Ask a Lawyer Get legal answers from top-rated lawyers in 1 hour.

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