MUTUAL RESCISSION OF AN AGREEMENT TO SELL
Rescission date: __________
Seller: __________, __________. Buyer: __________, __________.
Property: __________ (__________), __________. Agreement: __________.
Agreed sale consideration: __________. Buyer payments received: __________.
- MUTUAL RESCISSION
Reason: __________. Details: __________. The parties mutually agree that the identified agreement will not proceed to completion.
- REFUND
Refund to buyer: __________ by __________, reference __________, on __________.
- POSSESSION AND DOCUMENTS
Possession: __________.
Original documents: __________.
- RELEASE
Release scope: __________.
The agreement to sell is rescinded between the parties subject to completion of the refund/restoration obligations above.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.
- EXECUTION
Seller: __________
Buyer: __________
Witness 1: __________
Witness 2: __________
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.
The record will be held by __________ and may be shown only to the buyer, seller, promoter/developer, authorised broker, advocate, lender, escrow holder, tax adviser, registering authority or other person directly involved in the stated cancellation, refund or settlement.
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.
A person named in this document may withdraw consent for future consent-based processing, request correction or erasure when the stated purpose has ended, or raise a grievance by writing to __________. The record-holder should acknowledge and respond within 30 days.
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.
Personal-data instruction: __________.
Record-holder: __________