Can I Cancel a Property Booking After Paying the Token Amount?" π πΈπ€·♂️
Client Question of the Day:
"I paid a token amount for a flat but now I’ve changed my mind. Can I legally back out and get my money back?" π
π
Short answer: Yes, but it depends on the fine print! π§π
Token money may be refundable or non-refundable—depending on what was agreed (even verbally) or mentioned in a booking form, receipt, or contract.
π₯ If there’s no written clause, the default legal position is:
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If buyer cancels, the seller may retain token.
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If seller defaults, the buyer can demand full refund.
π‘ Pro Tip: Many developers use terms like "earnest money" to claim it's non-refundable—but courts often evaluate fairness and transparency! π️⚖️
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π Lawyer's Tip: If they say, "Token is gone forever!" just smile and say, “We’ll see what RERA thinks.” ππ’π
πWhy this matters?
Token money fights are one of the most common property legal disputes in India. Knowing your rights before and after booking can save lakhs and your peace of mind! π°π§
πΌ Legal takeaway:
Never pay token without a clear written clause. And if you already did, don’t panic—you may still have strong legal ground to claim your refund. π§Ύπͺ
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π£ Facing trouble with property refund or builder delay?
π LEXIS AND COMPANY offers expert legal advice, RERA filing, and strong representation in consumer forums and courts! π§⚖️π’
πCall us now for property dispute support: +91-9051112233
πWebsite: https://www.lexcliq.com
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