Let's say Party A insists that some ridiculous terms to 'protect his interest' stay in the agreement, citing his 'bad experience in the past' (I kid u not)

The negotiation is stuck.

What should Party B do? Cancelling/refusing the sign agreement comes with penalty, correct? Does the agreement automatically expire if both sides can't reach agreement and is the deposit automatically refunded?

You may need to shed more light on what is the special Claus...

Anyway, if you think is not right, nego again, you cant sign anything that not in favor of you.
I would say give and take, 1 side shouldn't win all....
Tenant Side might also has Bad Exp with previous owner...

So put more clause and make sure you okay with that?

What else you think? Ask back the Agent to make common sense deal...

for snp example, If increasing SNP Interest of delaying, then shd entitle to both parties. Something like that

This post has been edited by taitianhin: May 16 2022, 02:09 AM

Selling and buying of property is a straight forward process. The seller wants the money, the buyer wants the property. Is similar to those days using barter trade system .

But if either party wants to make the process difficult, then is better not to proceed.

In any agreement, if both party cannot agreed to the terms of the agreement, then both must agree to abort. Whatever money paid must be refunded and each party to bear their own cost.

However, if the terms are normal practice in the property transactions, then the party cannot reject the terms unless he can prove the terms are not in his interest.

I believed your lawyer have oredi advised you whether to proceed or otherwise. Without you mentioning the terms that are in disputes, is difficult for forumers to give their opinions.

Alternatively, you may have to procced to court if both party cannot settle it.

Ask lawyer settle?

What are the “ridiculous” terms?

Anyways in an agreement - all parties bound by it must agree to the conditions - otherwise it wouldn’t be called an agreement.

Usually problem arises when parties have different understanding of the initial terms