planning permission

junospider

At the end of the boom,I put a site up for sale subject to planning permission being recieved within 12 months.The site was sold and a deposit of 100,000euro paid.The site was on a draft to be zoned at the time and has since been zoned for commercial purposes.
The purchaser dug a hole in the site,filled it back in and that was it.
Planning permission was never applied for. He is now seeking the return of the deposit.Surely I dont have to return this.
Opinions appreciated.

Paulw

Talk to your solicitor (I'm sure you used one for the sale in the first place??).

pirelli

junospider wrote: »

At the end of the boom,I put a site up for sale subject to planning permission being recieved within 12 months.The site was sold and a deposit of 100,000euro paid.The site was on a draft to be zoned at the time and has since been zoned for commercial purposes.
The purchaser dug a hole in the site,filled it back in and that was it.
Planning permission was never applied for. He is now seeking the return of the deposit.Surely I dont have to return this.
Opinions appreciated.

If the purchaser was just another hard working tax payer, then i would sympathise with them and like to see them receive at least a fair amount of ther deposit returned.

They would be not in a position to purchase a property at 2007/08 prices now. You should sell it at present market value with interest and or return the deposit. Is it even worth 100,000 anymore.

Victor

Under what terms was the deposit taken.

Talk to your solicitor.

Builderfromhell

I agree with Pirelli.
I have heard of people giving back deposits where peoples circumstances have changed. It would seem to be the decent thing to do.

FreudianSlippers

As previously mentioned see a Solicitor.