If I draw a cheque sent to my as a deposit for an appartment I am selling and if the contingency period I have imposed expires with no contract signed, can I keep the money?
2006-10-09 04:41:19 · 3 answers · asked by jota_p_ehm 1 in Business & Finance ➔ Renting & Real Estate
I don't understand your question fully. Has the purchase contract been signed by both parties? You say that the contract has not been signed. If this is correct, there is no contingency period because there is no binding contract. If both parties have signed an agreement to purchase/sell, and they cannot close it within the time you've specified and agreed upon, then the deposit is yours.
2006-10-09 04:46:38 · answer #1 · answered by Justin 3 · 0⤊ 0⤋
"contingency period I have imposed expires with no contract signed,"
NOPE!
No commitment has been initiated.
with no contract signed
2006-10-09 04:51:58 · answer #2 · answered by ed 7 · 0⤊ 0⤋
ask ur president
2006-10-09 04:48:05 · answer #3 · answered by star 2 · 0⤊ 0⤋