Скачать или смотреть Property Purchase Dispute: Law on Forfeiture of Earnest Money for Non-Payment of Remaining Amount

Property buying and selling often involves the payment of earnest money, commonly known as bayana, to secure a deal. However, disputes arise when the buyer fails to pay the remaining amount within the agreed time. In such cases, the law allows the seller to forfeit the earnest money under certain legal conditions.

This detailed guide explains when and how earnest money can be legally forfeited, the role of sale agreements, contract terms, and the importance of timelines in property transactions. It also highlights the rights of buyers to seek refunds in specific situations and the circumstances under which sellers are legally justified in retaining the bayana.

Understanding property law related to non-payment, breach of contract, and forfeiture clauses is essential to avoid financial loss and legal complications. This article provides clarity on real estate laws, court interpretations, and practical advice for both buyers and sellers involved in property purchase agreements.

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#RealEstate
#EarnestMoney
#Bayana
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#LegalGuide
#ContractLaw
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#PakistanLaw
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