Browse Forums Building A New House 1 Aug 05, 2020 4:58 pm Hi Everyone, Can someone please help me to clarify the below question. I have signed a contract with a builder( HIA contract) in 2018. I have lost my job recently and I want to withdraw it. Can I get the deposit that I paid? I have paid a 15K deposit. Your help highly appreciated. Thanks in advance. Re: Ending a builder contract before the construction 3Aug 06, 2020 9:04 am Hi there, It doesn't specifically say anything. But it says I get cooling off period of 7 days before I finalize the contract. It has been 2 years already so that doesn't count anymore. I was thinking if there is a scenario that they would refund based on compassionate reasoning. Re: Ending a builder contract before the construction 4Aug 06, 2020 9:50 am 2 years since Contract and no construction!! Wow, didn't know you could do that. Anyways, there is no exit clause for customers in HIA contracts. If you end the contract, you would need to pay the builder any costs incurred so far or a percentage(as mentioned on the contract). From memory this is about 15-20% of the contract price. You can approach the builder and see if this can be ended more cordially with minimal losses to both parties. Also, consider taking advice from a legal practitioner if that increases your chances of lower losses. Been in a similar position and we decided to let the builder go. Some of the PSA money goes to engineering so we at least got those documents and they actually refunded us… 2 6014 You talk about deletions, are they variations or PS and PC adjustments? pleas list them 1 16455 Ardo That is so funny! I wonder how many people know who Larry Haun is these days. I have a couple of young guys we call Mo 1 & Mo 2 who run a crew of 6 boys and… 9 15433 |