May 26 2023, 03:13 PM
QUOTE(seongmeng @ May 26 2023, 10:03 AM)
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.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
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.
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