P
pandibabi
Guest
Hi,
I paid 10% deposit for an off the plan unit with no settlement date or sunset clause due date (at the time I dropped by sit there was building activity so I truly believe it can't be long). Its been months and still no action on buildings.
So what's the default date if there's no date on the contract? I have a letter from the vendor that say I may take my deposit and any interests accumulated. I have spoken to the person who sign this letter who has advised that due to the Sunset Clause I cannot get my deposit back.
Nowhere on the contract is there a settlement date or a sunset clause period. So what are my legal rights regarding getting out of this contract? They can't hold me in the contract say if they never finish building?
I have a finance preapproval letter, which is only valid for 12 months. If they don't finish by then I can say that its too late, I cannot get the finance no more? (ie I don't want to get the loan no more and get out of the contract that way?)
I paid 10% deposit for an off the plan unit with no settlement date or sunset clause due date (at the time I dropped by sit there was building activity so I truly believe it can't be long). Its been months and still no action on buildings.
So what's the default date if there's no date on the contract? I have a letter from the vendor that say I may take my deposit and any interests accumulated. I have spoken to the person who sign this letter who has advised that due to the Sunset Clause I cannot get my deposit back.
Nowhere on the contract is there a settlement date or a sunset clause period. So what are my legal rights regarding getting out of this contract? They can't hold me in the contract say if they never finish building?
I have a finance preapproval letter, which is only valid for 12 months. If they don't finish by then I can say that its too late, I cannot get the finance no more? (ie I don't want to get the loan no more and get out of the contract that way?)