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- Why do I feel there is a lot of unsaid things in this story? 31st July?? That's hardly 10 days from now! No wonder the buyers are threatening to come with luggage and all!
Firstly, I doubt how much ground an unregistered MOU holds. You should try to solve this situation diplomatically, than legally. As you said, your parents will take unnecessary pressure, and you will lose your mental health by this. When did you intimate your buyers your decision? Was it within a reasonable period, or did you inform them 2 weeks ago, that you can't honour the deal? And why is it that they are so pressed to start living from 31st July?!
Following points may help you:
1. Offer them to refund their investment + token amount + brokerage with some interest, if you want to cancel the deal
2. If they are staying on rent, offer to share half the rent till you find property
3. If at all their rental lease is expiring, offer to speak with their house owner for extension/offer some rental yourself (too much hessle in second option!)
3. If they are doing gundagardi and telling they will come and take possession, give a complaint to police, file NC and speak with some lawyer. As long as the house is on your/parent's name and you have possession, no body can come and throw you out based on unregistered/no-notory done documents. Case WILL be filed, but by the time it comes to hearing, you would have got your new house!
I feel for your pain friend. Don't lose patience and hope. It can't be said that yours was no fault at all, and only front party is pushing it. Try to think from their side as well, the more you will try to resist, the more energy you will lose! After all, this is a home we are talking about, not a commodity. Speak with them and tell, that leaving a house in happy memories is of atmost importance, as is their taking a peaceful and happy possession. Work together towards your problems, not against, because your problems are such that either both parties will suffer, or both will prosper!
All the best!
EDIT: Why couldn't you just transfer the 2BHK's ongoing loan to your name?CommentQuote0Flag
- I'd say try all the options ani_meher suggested and if the buyer still insists on moving in on July 31st, find a rental apartment for your parents. The buyer has promptly paid 65% of the money, so he has the right and you have the obligation to honor your commitment, notwithstanding problems surrounding your new purchase.CommentQuote0Flag