i have a friend who intended to purchase a house and lot in a prestige subdivision last year in november 2011. he visited the site together with an agent. but the house (model house)was still under construction at his first visit. then he made up his mind and made a reservation fee of the house and lot of his choice. and he issued 24 pdc for the monthly equity of the house. but when the model house was finally built, it was not the same house shown on the advertisment especially in the internet where he first saw the houses advertised. the house built was different in some forms and did not totally reflects in their advertisments. because of this,he was discouraged and so he sent a letter to the developer and reasoned out that he will not continue his intention of purchasing it due to financial constrain. constrain financially was only his guise. the developer rejected his request considering that he has signed a contract with them together with the reservation. it was a non-refundable reservation and the house sells at more than 4M, and the reservation was 20k. the house was not yet built at that time, and his letter of withdrawal and refund of reservation was sent around 1month after he made his reservation payment and contract signing and 5 days before the start of first monthly equity. the developer did return the checks but it said that the reservation is non-refundable. can he still get his reservation fee in this case?? thanks..
Last edited by miah on Mon Oct 08, 2012 6:12 pm; edited 1 time in total (Reason for editing : to correct some info.)