Pulling Out of a Resale Contract

LoadingFavourite

This topic contains 3 replies, has 2 voices, and was last updated by Profile photo of Anonymous Anonymous 11 years, 3 months ago.

  • Author
    Posts
  • #51207
    Profile photo of Anonymous
    Anonymous
    Participant

    My partner and I have paid a large deposit on a resale property in Spain but I have recently had some bad news on the job front and we may no longer be able to go ahead with the purchase (due for completion in October).

    We paid an initial deposit of 3,000 Euros and understand we will lose this but we have also paid another 10% deposit (approx £11000).

    My question is if we pull out now what can we legally claim this 10% back?

    Anybodies experiences in similar matters would be very much appreciated. ❓

  • #58666
    Profile photo of Anonymous
    Anonymous
    Participant

    Do you have any clauses in your contract that cover this issue?

    I would also suggest that you speak with your lawyer if you have one.

  • #58667
    Profile photo of Anonymous
    Anonymous
    Participant

    We have had word from the lawyers and they have agreed to refund the monies.

    Thanks for taking the time to reply.

  • #58668
    Profile photo of Anonymous
    Anonymous
    Participant

    Nice one. Glad it all worked out ok.

You must be logged in to reply to this topic.