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Property Sale Cancellation Deed

This deed of cancellation cancels a prior agreement for the purchase of a property between a purchaser and vendor. The vendor had refunded the purchaser's earnest money deposit and paid additional costs, resulting in the cancellation of the prior agreement for sale. The purchaser acknowledges receiving the refunds and no longer having any rights or claims to the property under the cancelled agreement. The property is now reassured to the vendor, freed of any charges or claims from the cancelled agreement.

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434 views1 page

Property Sale Cancellation Deed

This deed of cancellation cancels a prior agreement for the purchase of a property between a purchaser and vendor. The vendor had refunded the purchaser's earnest money deposit and paid additional costs, resulting in the cancellation of the prior agreement for sale. The purchaser acknowledges receiving the refunds and no longer having any rights or claims to the property under the cancelled agreement. The property is now reassured to the vendor, freed of any charges or claims from the cancelled agreement.

Uploaded by

CacptCoaching
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as RTF, PDF, TXT or read online on Scribd
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DEED OF CANCELLATION

THIS DEED OF CANCELLATION made this............day of............2000 BETWEEN (hereinafter referred to as the
PURCHASER) of the one part AND V (hereinafter referred to as the VENDOR) of the other part:
WHEREAS by an Agreement..............made between the parties hereto and registered in the office of the
Sub-Registrar of................................Book No. I, Vol ___Pages______being No_____for the year 1998
it was witnessed that the party hereto of the 1st part agreed to purchase the property fully mentioned in
the Schedule thereto as also in the Schedule hereunder written and hereinafter referred to as the said
property at and for the sum of Rs..... on terms contained therein.
AND WHEREAS the party of the 1st part paid to the party of the 2nd part a sum of Rs as earnest
money.................on the basis of the said agreement.
A ND WHEREAS the said sum of Rs........ was in terms of the said agreement secured by a charge on
the said property.
AND WHEREAS the said agreement is in full force and virtue.
AND WHEREAS it has now been agreed by and between the parties hereto that the party of the 2nd part
shall refund to the party of the 1st part the said sum of Rs and also pay a further sum of Rs on
account of all his costs, charges and expenses for searches, investigation of title and on other accounts
whereupon the said agreement shall stand cancelled.
AND WHEREAS the party of the 2nd part has refunded to the party of the 1st part the said sum of Rs
and paid Rs as aforesaid which the party of the 1st part doth hereby as also by the receipt
hereunder written, admit, acknowledge and confirm.
AND WHEREAS the party of the 2nd part has also returned to the party of the 1st part the said agreement
for sale dated the _____endorsed as cancelled. Now THIS INDENTURE WITNESSETH that for the
consideration as aforesaid the party hereto of the 1st part doth hereby agree, declare and confirm that
he has no longer any right, title, claim or interest in the said property under and by virtue of the
hereinbefore recited agreement for sale which stands cancelled with immediate effect and shall hereafter
be of no force and effect whatsoever AND FURTHER that the party of the 1st part doth hereby and hereunder
grant, release, discharge, reassure the said property and every part thereof unto and to the party of the
2nd part freed and discharged from the charge, security, claim, created thereon under and by virtue of
the said recited agreement for sale as aforesaid and all claims, demand, cause1 of action arising out of or
in connection with the same AND the party of the 1st part doth hereby covenant with the party of the 2nd
part that he has not done any act, deed or thing whereby or by reason or means whereof he is
prevented or hindered from cancelling the said agreement for sale and/or releasing and reassuring the
said property in the manner as aforesaid.
The Schedule above referred to
OR HOWSOEVER OTHERWISE the same may be butted, bounded, called, known, numbered, described or
distinguished.
IN WITNESS WHEREOF the party of the 1st part doth hereunder set and subscribe his hand and seal the
day, month and year first above-written.
Signed, sealed and delivered
at..............in the presence of:

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