Token money refund
1 year ago
One interested Tenant given Token money to book the house and after two weeks he step back from his promise and asked to return back the Token Money. Due to him I loose all interested Tenants and I refused to return back the amount. Now he send a message trough his advocate demand to return back the amount with in 7days. I agreed to pay 50% amount as settlement and that also not acceptable for them. So due to him I loose more than his Token amount and please advise legally who is protected.
A.Dear Client,
If, for any reason, the buyer fails to complete the transaction, the seller would forfeit the token money, unless the parties have made a notarised agreement stating otherwise. since they are the parties withdrawing, the token amount might not be refundable.
If, for any reason, the buyer fails to complete the transaction, the seller would forfeit the token money, unless the parties have made a notarised agreement stating otherwise. since they are the parties withdrawing, the token amount might not be refundable.
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Anonymous
Replied 1 year ago
I agreed to pay 50% and still they not respond and inform me that they are going to proceed legal action. I am outside and unable to attend the case, then how I will get the justice
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