Your Property Purchase Collapses: Can You Get Your Deposit Back?
'A creature with a big enough head to make a contract should have the sense to make one it can keep.' (Barbara Kingsolver) A R1,725 million deposit. A bank guarantee that never arrived. A property that ultimately sold for significantly less than the original price. What happens to the deposit money? A sale that fell apart The seller agreed to sell an agricultural property in Kyalami for R17,25 million. The purchaser paid a deposit of R1,725 million into the estate agent's tru
King-Essack & Associates
2 days ago2 min read





