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Buying a site - when does the landowner get paid?

  • 08-04-2014 8:59am
    #1
    damolee
    Registered Users, Registered Users 2 Posts: 36 ✭


    Have agreed with a landowner to purchase a site from him subject to planning permission but what are the general guidelines with regards to him getting paid... do he normally get any sort of downpayment now and the rest when permission is granted, or do they all accept that they have to wait for permission to be granted to get their money?

    -snip-


Comments

  • #2
    BryanF
    Moderators, Home & Garden Moderators Posts: 10,146 Mod ✭✭✭✭BryanF


    We do not deal in the 'black' in the forum. Read the charter, tread will be locked unless you alter the OP

    Edit: black economy


  • #3
    oldfullforward
    Registered Users, Registered Users 2 Posts: 4 ✭oldfullforward


    BryanF wrote: »
    We do not deal in the 'black' in the forum. Read the charter, tread will be locked unless you alter the OP

    Sorry I don't understand what you mean? Deal in the 'black'?


  • #4
    martinn123
    Registered Users, Registered Users 2 Posts: 2,300 ✭✭✭martinn123


    oldfullforward wrote: »
    Sorry I don't understand what you mean? Deal in the 'black'?

    We don't discuss this type of Music hereabouts



  • #5
    damolee
    Registered Users, Registered Users 2 Posts: 36 ✭damolee


    BryanF wrote: »
    We do not deal in the 'black' in the forum. Read the charter, tread will be locked unless you alter the OP

    Edit: black economy

    Bryan, I am sorry, didnt mean to break any charter rules, but I was only asking for some guidance, I thought it was a fair question, can you explain to me what rule I am breaking? And please explain what you mean by OP as I am not familiar with this term

    Many thanks


  • #6
    BryanF
    Moderators, Home & Garden Moderators Posts: 10,146 Mod ✭✭✭✭BryanF


    http://www.boards.ie/vbulletin/showthread.php?t=2055036302 see the section entitled 'respect the law'and see section tgat asks you to PM the mod instead of question mod direction on thread
    OP = original post


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  • #7
    bmm
    Registered Users, Registered Users 2 Posts: 912 ✭✭✭bmm


    I think the OP is worried he might get gazumped if he hasn't paid a deposit . If another buyer comes along and is not worried about "subject to planning" the landowner might take the first cheque he gets.


  • #8
    Maphisto
    Closed Accounts Posts: 1,014 ✭✭✭Maphisto


    I read the original question as should he be giving the guy a deposit, how much and maybe with some stipulation that its fully refundable if planning is denied.

    But I didn't see the OP pre-edit


  • #9
    Alan Shore
    Registered Users, Registered Users 2 Posts: 735 ✭✭✭Alan Shore


    Usually you pay a deposit to an auctioneer. Then the vendors solicitors will send your solicitors the contracts having done their work on the contracts they will advise you to sign the contracts and pay a contract deposit to the vendors solicitors. Obviously the conditions include you getting planning.

    You and the vendor are bound to the contract once it's signed.


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