Browse Forums Building A New House Re: when cancelling Preliminary Work Agreement, can fee/depo 3Sep 17, 2020 1:18 pm KameGame You should contact a legal expert in Property Law, to really understand what chance you stand. As a layman, #15 clearly states you get no refund, unless the builder is at fault. For subject to financial clause, I assume you need the evidence from a financial institution that you failed to secure a loan. Also, you're the deemed owner when you enter into agreements/contacts with a builder. thank you for your advice. I am unsure about the clause on the sale of current property. I will properly seek property lawyer advice then. Thanks! Re: when cancelling Preliminary Work Agreement, can fee/depo 4Sep 17, 2020 7:25 pm Im sorry to say I think you will face an uphill battle. I do work for a builder and we always make it clear to the client that this is a non-refundable fee even if the building doesn't go ahead. The 7k is a bit stiff IMO, we take a 3k deposit In NSW the maximum deposit for building work is 5% until the builder provides HBCF insurance 1 4821 Hi All, We signed a prelim agreement last year (May 2022) and paid deposit to a builder. However, we didn't go ahead with them and never signed a contract. We ended going… 0 2309 You need to respond to the Builder within 10 business day advising of your rejection of claim as per SoPA on a payment Schedule, Do not miss this deadline. 3 7284 |