Clause 5

Post reply   Start new thread
:: New - Old :: Old - New

Pages: 1 |

Forum home :: Latest threads :: Search forums
The Comments
12 Jul 2009 00:00 by Sheila87 Star rating. 2 posts Send private message

Earlier this year we had a buyer for one of our properties.  We had been in negotiation with PW for over a year for not completing on them due to my husband's ill health.

When we got a buyer for one of our properties we were pleased.  We were going to recoup some money of our money.  We had paid 40% of the deposit on this property on time.  We had a cash buyer who paid the deposit within hours of seeing the poperty.  Two weeks later the whole thing fell through as Polaris World had instigated Clause 5.  I don't know about anybody else, but this was our property with our money.  What right are they to do this?  Has anybody else suffered a loss of sale due to Clause 5?





Like 0 Dislike 0       | Dislike
12 Jul 2009 22:53 by mariadecastro Star rating in Algeciras (Cadiz). 8125 posts Send private message

mariadecastro´s avatar

 What is clause 5?

 



_______________________

Maria L. de Castro, JD, MA

Lawyer

Director www.costaluzlawyers.es

El blog de Maria



Like 0 Dislike 0       | Dislike
13 Jul 2009 14:13 by Sheila87 Star rating. 2 posts Send private message

Clause 5 states "Before the buyer or seller is requested to execute the deed, either of the parties may assin its legal position in this Agreement to any individuals or legal entity(ies) it deems appropriate, and it must notify the other Party of the assighment at least 10 days in advance of the date of the aforementioned request.  In order for an assignment by the Buyer to be deemed valid, the assignee must expressly assume all of the Buyer's obligations hereunder and the assignment must be accepted in writing by the Seller"

 





Like 0 Dislike 0       | Dislike

Pages: 1 |

Post reply    Start new thread
Share it!


Previous Threads

THE NEW BEER DOWN THE SHIRT FASHION - 1 posts
Summer Feria Sabinillas - 1 posts
door eccessories sale - 0 posts
Electoral Register - 4 posts
new kitchen compony - 0 posts
mobility scooter for sale - 0 posts
Happy Birthday Costas - 1 posts
private Chauffeur services - 0 posts
Bus to Algeciras - 2 posts
Happy Birthday Susan - 10 posts
Party supplies - 8 posts
Fical representative - 3 posts
wonted a room in a house for about 2months rentall - 1 posts
Rights of disabled apartment owners - 0 posts
It's Not Just the Spanish - 0 posts
Railings or solid fencing ? - 12 posts
Kevin Clarke?? Absolute Spain?? - 3 posts
Mr - 5 posts
Driving in Flip Flops - 31 posts
How do I get from Marbella bus station at 11pm to Duquesa - the bus has stopped! - 13 posts
water leak - are we responsible? - 4 posts
Repossessed properties--BEWARE - 1 posts
Has anyone successfully bought a heavily discounted property on the formerly Arenal Duquesa site? - 8 posts
Bank Guarantee - 12 posts
Hot Tub on Terrace? - 5 posts

Number of posts in this thread: 3

DISCLAIMER:  All opinions posted on these message boards are the opinion solely of the poster and do not necessarily reflect the opinion of Eye on Spain, its servants or agents.


1 |
Our Weekly Email Digest
Name:  
Email:
   
Compare car hire in Spain


This site uses cookies. By continuing to browse you are agreeing to our use of cookies. More information here. x