Docklands Solicitor

Latest legal news from Docklands Solicitors, Kaslers Solicitors LLP.

Tuesday, 1 September 2009


Deposit Forfeiture

A buyer usually forfeits his deposit if he fails to complete a land purchase – this is not regarded as an unenforceable penalty

The court does have power to order the repayment but it will only do so in exceptional circumstances

The amount of money does not make a case exceptional - a recent case involved a 400k pounds deposit on a 4m pounds transaction

The fact that the seller later sells at a better price is irrelevant

Failing to get or renew a mortgage offer is not sufficient.

Contact: Simon M. Scott (Solicitor, Partner) Mobile: 07979 916619

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Call Michael Breeze on 07900 195 195 or call 0845 270 2511 to if you need legal advise about any of these issues

Kaslers Solicitors LLP is a limited liability partnership registered in England under LLP no. OC310653; authorised and regulated by the Solicitors Regulation Authority under reg no 408936; governed by professional rules set out in the Code of Conduct click here to visit and has its registered office / main trading address at Suite 3, 10 Churchill Square, Kings Hill, West Malling, Kent ME19 4YU - tel: +44 (0)845 270 2511; fax: +44 (0)845 270 2513; DX 92863 West Malling.
The LLP Members are Michael D Breeze LL.B (Hons) (SRA reg no 110184) and Simon McCree Scott LL.B (Hons) (SRA reg no 298202).