completion date of oversea property was delay more than a year. Property was bought thru local agent ERA. What options do I have to recover the 80% sum I've paid?

Answer :

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    answered on 23/07/2018

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    You can claim compensatory damages for breach of the sale of land contract. Whilst the general rule is that damages are assessed at the time of breach, this is displaced for sale of land because there is no readily available substitute. Thus, post-breach events will be taken into account in the compensation.

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Comments

  • This is likely to be a repudiatory breach of the contract since the completion date is one of the most important terms in a contract for the sale of land. Thus, the contract may be terminated due to said breach and the amount you paid ought to be recoverable. LegalHelp 10/08/2017