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Do you have to return the deposit on a personal car purchase if the buyer breaches a verbal agreement?
Wiki User
∙ 14y ago
Deposits are for missed payments and damage caused. If it is stated that on a breach of agreement you would not return the deposit then yes, or if it has caused and sort of money (gas money, cleaning, return it to the way it was) then you would be entitled to that deposit up to that amount used.
Wiki User
∙ 14y ago
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Why fixed deposit is called as pledge?
A fixed deposit is called a pledge, because it is an agreement that is made. The agreement is a certain amount of money will be deposited on a regular basis. It is a promise or pledge to make the deposit.
In Alberta can a landlord make you pay damage deposit after you have already moved in?
If a damage deposit is/was a term of your Residential Tenancy Agreement, then yes. If there was no provision for a damage deposit when you signed the agreement, then the terms cannot be changed until the agreement expires, or both parties agree to the change in writing.
How do you write a letter to bank manager regarding fixed deposit cancellation?
When you write a letter to a bank manager regarding fixed deposit cancellation, you need to be formal. You should have all the details about the fixed deposit and ensure that you are not breaching any agreement. Give your personal details and information about the particular account.
What is the seller's compensations if buyer does not keep his agreement to purchase real estate?
There are remedies available to the Seller if a buyer does not purchase the real estate as agreed in a written, fully executed contract. These are only available to the seller if the buyer has signed the contract and there are no limiting conditions such as a financial clause, inspection clause, due diligence period, etc. If the buyer breaches the contract the seller may sue to keep the buyer's deposit, sue for damages caused by the buyer breaching the contract, and may also sue for "specific performance" which would force the buyer to purchase and close on the real estate.
If a final sales agreement and loan papers have not been signed is the deal still an obligation to purchase?
You are not obligated to complete the deal until they are signed. However, depending on whatever prior agreement you may have, any deposit may be lost as well as goodwill.
Can you opt out of a purchase if you gave a deposit?
Possibly. You will very likely lose your deposit.
Can you get your rental deposit back if you signed an agreement to rent but the date has not come up to cash money order for deposit and you cant want to rent anymore.no clause about it on agreement.?
(NYS) Landlords do not have punitive authority. If you don't take occupancy and there is no mention of reasonable fees for cancellation of the lease just prior to moving in then, you are entitled to a full refund of your deposit.
Do you have to return a purchase deposit on a used vehicle purchase in California?
Supposedly
Do you have to return a purchase deposit on a used vehicle purchase in New Hampshire?
You do not have to return a purchase deposit on a used vehicle purchase in New Hampshire. You would only have to return it if you were responsible for the sale not going through.
Can you get a deposit back from private party if you weren't able to obtain a loan for the vehicle?
You can always ask, but the seller assumably held the vehicle in good faith that you would complete the purchase and possibly lost the potential sale of the vehicle to other buyers. By placing the deposit you were assuring the seller that you had the means to complete the purchase, which you did not (unless otherwise discussed or agreed). The deposit is forfeited unless the sale failed to materialize due to error, omission, or fraud on the part of the seller. If an agreement was made otherwise, you may have grounds to recover the deposit.
Can I get the deposit paid for the purchase of wireless phone?
no
Can you get your deposit back if the seller and her broker did not sign the purchase and sale agreement and made changes on the contract the buyer did not agree with nor initial for the changes on the?
Yes. You should also report the broker to the local board of realtors.
