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Impulsive Apathy · 01-02-2009, 02:53 PM

If I bought a pre-construction unit, what are the consequences for defaulting on the contract? I would lose my deposit for sure but I cannot find any other information on what the Alberta laws are and what the Condo builders can do. Does anybody have any idea at all?

Can I claim force majeure to get out of the liabilities because of the unforeseen circumstances with the economy from when I initially signed the contract?

Thanks in advance for the help

01-02-2009, 02:53 PM	#1
Impulsive Apathy Draft Pick Join Date: Jan 2009	Condo Contract Question - Defaulting? If I bought a pre-construction unit, what are the consequences for defaulting on the contract? I would lose my deposit for sure but I cannot find any other information on what the Alberta laws are and what the Condo builders can do. Does anybody have any idea at all? Can I claim force majeure to get out of the liabilities because of the unforeseen circumstances with the economy from when I initially signed the contract? Thanks in advance for the help