3. It also seems that at the end of the agreed period of 3 months, you have the buyer urged several times, but he failed to close the sale. 2. So send a last one by registered letter (and collect the list on the Internet) and indicate that the aforementioned agreement is terminated for non-compliance by the buyer. While some of these contracts involve oral communication, some require legal agreements between the two or more parties. Either way, always remember that some contracts don`t go well as planned and therefore need termination. However, if you have decided to terminate a contract, always make sure to do so formally through an official termination letter of the sales contract. This will not only sell your professionalism, but also maintain a positive relationship after the termination of the contract. 2) It is advisable to send a lawyer`s notice to the buyer and terminate the contract, while returning the money advanced either by check or by NEFT. A NEFT transfer would be more appropriate, as it gives him no chance to refuse to accept the amount paid.
1. The termination of a sales contract depends on the conditions set out in the contract, 4) you are free to enter into a new contract with another buyer, there is a difference between the sales contract and the sales contract. In the sales contract, the seller has the right to cancel the sale after informing the buyer that the buyer is not complying with the terms of the contract. If the price is partially paid, but the buyer has not paid the balance within the time limit, the seller may sell the property to any other buyer after terminating the former buyer. Thus, you can sell this property to another buyer because you have terminated the buyer correctly. If you have accepted their request for an extension of time, you must revoke them without notice. This is mandatory for you. 5. Don`t sell it to someone else without terminating the contract first.
4. Under these conditions, you send him a letter in which you terminate the contract in question as well as the repayment of the advances, and then conclude a sales contract with another buyer on the conditions that you mutually agree. 3. You can thus terminate the contract by sending him a lawyer`s opinion. 1. The clause “The seller / owner is free to sell the Schedule property at any time to other persons and that the termination of this sales contract” does not irrefutably communicate that such non-payment automatically terminates said contract, the letter of termination of the sales contract is signed by both the buyer and the seller when terminating a sales contract. . . .