Browse Forums Building A New House Re: when cancelling Preliminary Work Agreement, can fee/depo 2Sep 16, 2020 8:44 am 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. Re: when cancelling Preliminary Work Agreement, can fee/depo 3Sep 17, 2020 1:18 pm ![]() 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 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 2512 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 9013 Why isn't Darbecca advising you? You could go through the whole process and find that VBA merely reprimands the builder. You now have not enough money left on the contract… 1 1697 ![]() |