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Mutual Rescission of an Agreement to Sell

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The property and the reason
Seller and buyer
The refund
Possession, release and signing

Step 1 of 4

The property and the reason

What property does the transaction concern?Needed

House / flat / plot no.

Street, sector or locality

City area and PIN code

What type of property is involved?Needed

How should the property be identified?Needed

Include plot/unit, area and project details.

A long answer. Several lines are fine, and a break you make between paragraphs is the break the document keeps.

For example: Residential plot measuring 500 square yards.

Which agreement to sell is being rescinded?Needed

For example: Agreement to Sell dated 01 August 2026

Why are the parties mutually rescinding?Needed

Financing did not proceedCommercial terms changed and parties mutually exitTitle or approval condition could not be satisfiedCompletion date passed and both sides prefer settlementAnother agreed reason described below

What agreed facts explain rescission?Needed

State neutral facts.

A long answer. Several lines are fine, and a break you make between paragraphs is the break the document keeps.

For example: Buyer finance was declined and seller agreed to release buyer.

More details — you may leave these

What is the mutual rescission agreement date?Needed

A calendar date — the day, the month and the year. Dates in a document like this are read against one another, so a date typed here can change what another date is allowed to be.

For example: 15 September 2026

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MUTUAL RESCISSION OF AN AGREEMENT TO SELL

Rescission date: __________

Property: __________ (__________), __________. Agreement: __________.

1. MUTUAL RESCISSION

Reason: __________. Details: __________. The parties mutually agree that the identified agreement will not proceed to completion.

2. REFUND

3. POSSESSION AND DOCUMENTS

4. RELEASE

The agreement to sell is rescinded between the parties subject to completion of the refund/restoration obligations above. This rescission does not purport to cancel a separate completed registered conveyance.

5. EXECUTION

PERSONAL DATA NOTICE

This notice is given under the Digital Personal Data Protection Act, 2023.

Personal data in this document is collected only to document and complete the parties' mutual rescission of the identified agreement to sell, communicate about that purpose, verify expressly supplied transaction information, and retain an evidentiary record.

If the transaction is abandoned without a completed settlement, personal data will be retained for 90 days from that decision and then erased. If a cancellation, refund or settlement is completed, the record will be retained for that matter plus 12 months, except where a statute requires a longer named retention period.

Data minimisation: this document does not collect a full Aadhaar number, an Aadhaar-card copy, a password or bank credentials, and none should be written into it. Use only transaction references and identity particulars genuinely required for the stated purpose.

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