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re: Real Estate Contract Interpretation
Posted on 2/23/15 at 9:32 am to Motorboat
Posted on 2/23/15 at 9:32 am to Motorboat
If the developer is fighting with you over Earnest Money then they're one helluva sh!tty developer.
I've never-ever-heard of someone fighting over that. Then again, it's usually no more than $100-500 bucks. You may have more involved or invested.
But to be quite honest, I doubt seriously a detention/retention pond is going to be something he had to run by you for your approval.
I've never-ever-heard of someone fighting over that. Then again, it's usually no more than $100-500 bucks. You may have more involved or invested.
But to be quite honest, I doubt seriously a detention/retention pond is going to be something he had to run by you for your approval.
Posted on 2/23/15 at 9:44 am to GFunk
quote:
If the developer is fighting with you over Earnest Money then they're one helluva sh!tty developer. I've never-ever-heard of someone fighting over that. Then again, it's usually no more than $100-500 bucks. You may have more involved or invested. But to be quite honest, I doubt seriously a detention/retention pond is going to be something he had to run by you for your approval.
The earnest money is 10K. I'm not really concerned about the issue of him running the idea past us. We've already met with him and his response was just to run the drainage along the easement. A nonstarter for us as well, but he has the right. My question is about how we can get out of the contract, as written, and the interpretation and consequence of the language.
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