Accept possible 1 year delay or pull out
I am n the same position - paid 12k deposit against 2 offices in Metro and have refused to sign contract as they mis sold. In the exhibition where I bought, one of the representatives said there wuold be penalties for any delay to dec 2008. If they do not change the contract then I will pull out and seek my deposit back legally.
The fact is that dec 2009 will be useless as a mid term investment. Office rates will have dropped to normall and may even be lower due to over supply by then. The real opportunity to secure a tenant at high rates are next year.
Anyone got a different view ?
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