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Author Topic: Developer and forfeit money  (Read 121 times)

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Offline _ricky_

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Developer and forfeit money
« on: July 23, 2018, 08:11:32 AM »
We signed an agreement with a developer and he agreed to construct a multi storeyed building on our land.

He also gave us an initial amount of forfeited money . As per the agreement signed,he is supposed to provide us a temporary relocation (shifting); which he is unable to do now. So this is his inability,not ours.

Now he is saying that he will have to cancel the agreement. If the cancellation is done, do we have to return that forfeited money ?


Offline kalaskarkk

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Re: Developer and forfeit money
« Reply #1 on: July 24, 2018, 07:53:26 PM »
Dear Sir,

No, it is being cancelled due to his breach of contract not providing you temporary relocation.
Regards:

Kishan Dutt Kalaskar
Retd Judge and Advocate
No.74, 1st Floor, “Disley”  House,
Malleswaram, Bengaluru-560003.
Mob: 9686971935, 080-23461189
kalaskarnetra@gmail.com
Call me for clarification

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Re: Developer and forfeit money
« Reply #1 on: July 24, 2018, 07:53:26 PM »

 

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