I am facing some problems with a buyer for my plot in lucknow. He wanted to buy it, gave a 10% advance and then promised to pay the rest of the amount after 90 days. It has been 19 months and he wishes to buy it, but on the old rate. The rate has gone up by 25%. I don't wish to sell it at the old rate. Now he is threatening me and saying he would take me to civil court. I also tried to return his advance, but he did not accept it. What can I do about it?
Answered on November 08, 2017
If the terms of your sale were documented when you struck the deal, then you can terminate the agreement that you had with the buyer on the basis of such terms and in case the terms are oral, then you could issue a notice to the buyer termianting the deal and forwarding the cheque towards the amount that had been paid by him to you.
