27 Aug 2009 12:02 PM:
Hi Alfie
The contracts are vague at best (arguably not even legal) and the difficulty is obtaining an actual start date. PW are unlikely to give any refunds unless ordered to by a court. This course of action is costly and can take up to 2 years for the case to even be heard. It is also not certain that you would win - the judge may deem it reasonable for a development to be delayed for a few months, particularly if it is the final licenses delaying handover.
Exercising your bank guarantees may be an option but you would need to prove a breach of contract. It is best to seek legal advice from an independent adviser with local knowledge.
We understand that completions are going to take place very soon (September-October). In fact one or two owners have already completed without the habitation certificates I believe. This resort is likely to be the best in the region when it is completed. I hope that helps.
Community thread:
Get out clause?
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