Browse Forums Building A New House Re: preliminary agreement deposit limit in NSW 2May 01, 2023 4:26 pm falcongl Hi all, I am new to the market, I recently bought a land house package, and my building sent me a preliminary agreement asking to pay an unrefundable fee $25k, before entering a building contract, my building contract price is $350k, just wondering if this is legit? what us the reasonable amount usually? My land wont be settled until end of this year. Any replies is highly appreciated, thank you. In NSW the maximum deposit for building work is 5% until the builder provides HBCF insurance Architectural Homes & Duplexes - specialising in custom designing homes to your budget Get a Free Onsite Consultation Today or send a PM for information, questions or advice. 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 2374 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 8781 Hi All, see above image. The required setback from the rear boundary in my case is 5m, as you can see the shape of the site and location of the boundary is slightly… 0 8709 |