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Delay in payment for resale Flat

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Delay in payment for resale Flat

Last updated: April 10 2019
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  • Delay in payment for resale Flat

    HI,

    I (Seller) have sold out my flat at cost 36.25 lakh, in which i have got 2 lakh as a token amount. Aggrement registered on 29 december 2018 and buyer has to pay remaining amount i.e 34 lakh within 45 days as per aggrement.

    Buyer willing to pay with bank laon.

    Somehow buyer delayed outstanding payment due to some loan issue.

    In above case how much interest or penalty i can charge or what is another safe option.


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