A Sale Agreement Cancellation is done when a property sale contract is terminated before registration due to non-compliance by either party.
Common Reasons for Cancellation:
-Buyer’s failure to make payments on time.
-Seller’s inability to transfer a clear title.
-Legal disputes over the property.
Process:
-A cancellation agreement is signed between both parties.
-Refunds (if applicable) are settled as per contract terms.
-The agreement is registered to make the cancellation legally valid.