Quote:
Originally Posted by Kimo
I have received my contract and only had two observations:
1. Clause 15.1 Seller is allowed 18 months delay that equates to 10,000*18 = AED180,000 potential rental losses to the buyer. In the other hand the Buyer has only 20 working days delay! I don't see the balance here. I think more than 6 moths delay from the Seller is unfair and unreasonable.
2. Clause 15.2, there are no penalties on the Seller if the Seller delays the completion day beyond June 2012? The Seller has held the buyer money for 4 years!
Cheers  ,
Kimo. |
Kimo,
Have you questioned these clauses with SP?
From previous experience, I was pleased to see any kind of penalty clause at all.