W
WebBoard
Guest
From: Trisha Robbins
Hi everyone,
I've been reading this forum for a while and am astounded by the amount of knowledge, creativity and comedy it contains! I hope, then, that someone can help with a problem I'm having.
I want to make an offer on an IP but am concerned about a 'release of deposit' clause in the contract that allows the vendor to access the deposit before settlement. Can a deposit bond be released prior to settlement? If it can't, then does this mean the deposit has to be in cash? My solicitor doesn't know.
Keep up the good work.
Trish.
Hi everyone,
I've been reading this forum for a while and am astounded by the amount of knowledge, creativity and comedy it contains! I hope, then, that someone can help with a problem I'm having.
I want to make an offer on an IP but am concerned about a 'release of deposit' clause in the contract that allows the vendor to access the deposit before settlement. Can a deposit bond be released prior to settlement? If it can't, then does this mean the deposit has to be in cash? My solicitor doesn't know.
Keep up the good work.
Trish.
Last edited by a moderator: