I am seller and signed SPA on 2018 , stamped and collected 10% Deposit.

Purchaser failed to pay balance untll now.



in the SPA mentioned:

In the event of purchaser failing to pay the balance Sum within time stipulated, Vendor shall be entitled to terminate this agreement following consequences clauses:

a) this agreement shall rendered null and void and the parties hereto shall have no claim or further claim against each other save and except for past breaches.




is the above mean this agreement will be automatically terminated ? or what should i do to terminate this SPA ?

huh? alredy 5 years still not settled? better ask your lawyer

wow, TS, you waited 5 years for the payment?

why havent pay balance? either ask ur lawyer or read the SPA urself see what is the issue.

u need to issue termination notice. it doesn't auto terminate.

2018?? What is the reason for delay?

Chronology of this story would enlighten /k on how the hell it got delay till today.
Plus you and your lawyer dont even talk to each other and keep in touch from 2018 till now?
Not even a single call, email or even whatsapp?

could be developer wound up, master title & liquidator issue ?

TS is the seller.

It is a sub sales

The buyer cant pay me balance , so i charge him 8% per annum for 1 year, then he asked me on hold this process, and he rent the house from me until now. But now rental also no paid like 7-8 months.

so i want to cancel this SPA and sell to other

Better to seek the lawyer that did your SPA documentation and get their advice, since the delay is so long.

There should be a clause somewhere in SPA that indicates the time limit of settling the balance of purchase price and/or any action needed to be undertaken by you as the seller (need to inform the original buyer that you're terminating officially by registered mail etc.). Cancellation of subsale SPA isn't a clean process that's easily to do with advice from LYN forum, because depends on the terms of your SPA.