Pulling Out of a Resale Contract

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    • August 16, 2005 at 9:09 am #51207
      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. ❓

    • August 16, 2005 at 2:22 pm #58666
      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.

    • August 16, 2005 at 2:31 pm #58667
      Anonymous
      Participant

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

      Thanks for taking the time to reply.

    • August 16, 2005 at 3:07 pm #58668
      Anonymous
      Participant

      Nice one. Glad it all worked out ok.

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