Free Legal Advice Philippines

Disclaimer: This web site is designed for general information only and does not create attorney-client relationship. Persons accessing this site are encouraged to seek independent counsel for legal advice regarding their individual legal issues.

Log in

I forgot my password




You are not connected. Please login or register

Increasing Total Contract Price Upon Handover

Go down  Message [Page 1 of 1]

1 Increasing Total Contract Price Upon Handover on Tue May 08, 2018 9:48 am

Jdas0808


Arresto Menor
Hello everyone. Hope some can give his opinion and advise me. I have taken a condo unit way back in 2013 when it was preselling. Total contract Price was agreed and Contract to Sell was signed. I paid my dues without default. I was notified late last year that the unit was ready for handover in Q1 2018. I made the necessary arrangement for bank financing and got the approval for the remaining balance. All paperworks were submitted to the developer in February 2018 and now my bank is waiting for them to return the required docs signed by the authorized signatory. I have done the punch listing and signed the unit is ok.

Last week I received an email that the management decided to increase the total contract price by 500k and I need to pay that immediately. I was dumbfounded on what basis they made the increase when there is no clause in the Contract to sell that the price is subject to change.

Please help and advice If i am liable to the additional 500k increase. Do I have the right to refuse and not pay them the price increase and demand that the original tcp in contract to sell be followed?

Thank you in advance.

View user profile

attyLLL


moderator
answered your other post


_________________
[i] Visit our FB Page: FOR MORE LEGAL ADVICE  
Warning and Disclaimer: I am not your lawyer; and you are not my client. With the limitations of an  Internet forum, a thorough review of your concern is not possible. View my comments at YOUR OWN RISK. It is best to actually retain a lawyer for your individual concerns.
View user profile https://www.facebook.com/BPOEmployeeAdvocate/

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum