artme
18th March 2009, 12:01 AM
Decide to sell one of our investment houses in order to realise some capital, as I am not working at present.
Contract signed by both parties, then buyer decides he wants 10g off because he alleges he had a dispute with a neighbour. Told to go jump so original price is still the price.
Then buyer tries to get another 2 1/2g off about 2 weeks later. Same reply as before, same result.
Now buyer wants 1g off because under the terms of the contract he was getting the current tenant with a lease that expires about 3 weeks after the settlement date , but said tenant left at the end of last week.
As I understand it the buyer is claiming breach of contract and if he doesn't get the discount he will pull out. I suppose technically he may be right even though this is no doing of mine. I am prepared to look at giving him 23 days rent as a discount as this is the time between settlement and the rental lease expiry.
Trouble is the chancellor of the exchequer is being bloody minded and won't budge claiming a conspiracy and the fact that the buyer has persistently made life a bit complicated.
My view is "bend a little" because we may not get the same price in the current market if we dig our heals in.The property is actually in my name and I can sign off on anything I choose. I have put this to the chancellor and she was not amused.
Waiting to hear from my solicitor tomorrow. Not worried about that bt am worried about the reaction of SWMBO and her pigheadedness.
Contract signed by both parties, then buyer decides he wants 10g off because he alleges he had a dispute with a neighbour. Told to go jump so original price is still the price.
Then buyer tries to get another 2 1/2g off about 2 weeks later. Same reply as before, same result.
Now buyer wants 1g off because under the terms of the contract he was getting the current tenant with a lease that expires about 3 weeks after the settlement date , but said tenant left at the end of last week.
As I understand it the buyer is claiming breach of contract and if he doesn't get the discount he will pull out. I suppose technically he may be right even though this is no doing of mine. I am prepared to look at giving him 23 days rent as a discount as this is the time between settlement and the rental lease expiry.
Trouble is the chancellor of the exchequer is being bloody minded and won't budge claiming a conspiracy and the fact that the buyer has persistently made life a bit complicated.
My view is "bend a little" because we may not get the same price in the current market if we dig our heals in.The property is actually in my name and I can sign off on anything I choose. I have put this to the chancellor and she was not amused.
Waiting to hear from my solicitor tomorrow. Not worried about that bt am worried about the reaction of SWMBO and her pigheadedness.