10 Dec 2008 10:30 PM:

Thank you for your comments and my plans for retirement in the near future was to be duqesea my reply was to sun123 to explain that if you want to cancel this is the way it happened for myself and others and to contact their sols i wish you and well and i am still looking for somewhere to spend some days in the sun

Community thread: Cancellation of contract & the return of funds?

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09 Dec 2008 10:25 PM:

hi i also had an apartment in arenal duqesea on phase 2 deposit put down in may 2006 and in june 2007 i went to see the development and did not like what i had seen and when on the return my solicitor informed me that due the failure of completion which was surpose to be at the end of july 2007 i had 3 months from that date to cancel my contract to which i said yes arenal said i would get my deposit back at the end of sept this did not happen then they said it would be the end of november as long as did not have the 10% compensation which i agreed , then nothing happened then informed it would be the end of feb 2008 then i was getting worried and angry the solicitor said that it would be in march then the deposit came back in full on march 16th  but without any compensation i had to open a spanish bank account to have the money put in then i transfered it to britain, as it was and still is because of the euro against the pound i actually gained i wish you luck i still look at the threads i think the ones left are not really interested in the one trying to get their deposit back but the market is collapseing i would ask you to think carefully i ask your sol about the 3 month window for cancellation and the compensation and if successful keep going and pushing

                                                                                            hope this helps

 

This message was last edited by costaman07 on 12/9/2008.
Community thread: Cancellation of contract & the return of funds?

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10 May 2008 2:34 PM:

Hi

I had cancelled my contract last July 07 (deposit paid in May 06)after going to see my apartment in June07, which was in Phase 2 the place looked like a bomb site there was a school being built at the rear and an aparthotel across the road, and to top it off the size of the apartment did not match the spec and no-one working because of a dispute with the local council so I thought time to get out.

With that my apartment had surpose to be completed in July with contract signing, this was clearly not going to happen and under my contract I had three month grace to cancel.

 I went ahead with this and then informed I could cancel as long as i did not contest the 10% compensation, I agreed to this and the refund had been arranged for Sept 07 then moved to November 07 and again to the end of Feb 2008 then again to March this is when I recieved my refund. You have to check if  your contract has any clause in it then once started you have to keep going, once you have been told your refund has been approved and if your sol has P.O.A. you will have a form to sign accepting the amount and fax that back, then if you have a Spanish Bank Account your o.k,if not then you will have to have one arranged  as for myself my refund covered the full deposit and because the euro against the pound I found myself slightly more than break even.

I have been incontact with others who have cancelled on this site some did not have to wait as long as myself it is just your luck and not giving in

                                                                                                                      hope this helps regards lawrence

Community thread: Does anyone know what has happened to agents "Easy Andalucia"

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16 Sep 2007 2:39 PM:

I am now cancelling the contract on the apartment, the solicitor has informed me that i will get the full deposit back plus 5% to cover solicitor fees if i do not contest the 10% compensation,which is due if the apartment was not ready, will not be ready untill the middle of 08,but getting anything back will take along time, as things are in spain. It also depends on your contract if you cancel 

 Some I believe have  contracts that have an 8 month grace to the developers after the completion date before you can cancel so check,as in my contract states that I have 3 months after the completion date to which was 25 july 07 so I will lose the 10%  compensation

To those who stay will find that they wiil be selling their apartments for more than they payed. But being there in June  phase1 looks well but the rest looks along way off. I was hoping to be there for xmas not to be, and because some of the changes that has been made to the complex, but if you can stick it out good luck.    

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11 Sep 2007 7:21 PM:

Hi i have purchased an apartment on phase 2 which was to be completed by july, has anyone been intouch direct to the insurers. I went over in the begining of june and the place looked like a bomb site they seem to have stopped building in one area and started in another then stopped there are uncompleted buildings everywhere i have  been informed that i will lose the 10% compensation has anyone a phone number or contact address

Community thread: Ryanair to start flying from London Stansted to Madrid

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