Nov 1 2016, 10:39 PM
QUOTE(bg12 @ Oct 26 2016, 07:33 AM)
I recently paid 2% earnest deposit to book a subsale property.
the booking agreement signed between me and agent says that 2% forfeit if I don't sign S&P within certain days.
only during hse re inspection later with friend again, I noticed, kitchen countertop and floor. beneath is not exactly flat, slanting to one end, we worry hse sinking. the tiles in room beside kichen has been replaced and all walls repainted, cannot notice cracks. I worry for hidden structural defects.
loan approved. can I cancel booking and ask refund?
in case agent refuse to refund, will consumer tribunal
court support me?
thanks
You have to see your booking form whether the property is sold to you on as is where is basis, meaning you have to take the property subject to all defects. If yes, then too bad for you because once you paid the earnest deposit and signed the booking form you agreed to bound by the terms of it. Since you signed the booking form, they are entitled to forfeit your deposit if you don't sign the S&P within certain days.the booking agreement signed between me and agent says that 2% forfeit if I don't sign S&P within certain days.
only during hse re inspection later with friend again, I noticed, kitchen countertop and floor. beneath is not exactly flat, slanting to one end, we worry hse sinking. the tiles in room beside kichen has been replaced and all walls repainted, cannot notice cracks. I worry for hidden structural defects.
loan approved. can I cancel booking and ask refund?
in case agent refuse to refund, will consumer tribunal
court support me?
thanks
You try to negotiate but most probably the owner or agent wouldn't refund your earnest deposit. They might just say after they accepted your booking they rejected other potential buyers and thus it is fair to forfeit your deposit.
This post has been edited by Ah SiAnG: Nov 1 2016, 10:40 PM
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