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Marsha411JD
Marsha411JD, Lawyer
Category: FL Real Estate
Satisfied Customers: 19
Experience:  Licensed Attorney with 29 yrs. exp in Real Estate Law
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How do we get out of contract which we gave $30,000.00

Customer Question

How do we get out of contract which we gave $30,000.00 deposit.
Submitted: 1 year ago.
Category: FL Real Estate
Expert:  JudgeLaw replied 1 year ago.

Good evening. I am Loren, a Florida licensed attorney, and I look forward to assisting you.

Expert:  JudgeLaw replied 1 year ago.

Why are you seeking to terminate the contract? Does the contract have a provision providing for liquidated damages?

Customer: replied 1 year ago.
What a tree liquidation damages
Expert:  JudgeLaw replied 1 year ago.

Liquidated damages states that if a buyer breaches a contract then the deposit is automatically forfeited to the seller as damages for the breach and that the seller can not sue for any more damages than that.

Expert:  JudgeLaw replied 1 year ago.

Are you still online with me?

Expert:  JudgeLaw replied 1 year ago.

Does the contract provide for liquidated damages? Why are you seeking to cancel?

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