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TheyCallMeBruce · 09-13-2005, 10:33 AM

Here's the letter I got with my deposit cheque. I will only write down the important parts:

"Unfortunately, we have been unable to date to commence construction due tot he significant revisions to the design of this phase of the project necessitated in addressing previously unforeseen requirements of various municipal authorities and exacerbated by the complications arising out of the adjacent slope conditions.

Consequentially, Streetside's ability to proceed with the development and construction of Blue Sky Phase 5 had been significantly delayed for the reasons beyond Streetside's reasonable control and has caused Streetside to re-design this phase in its entirety.

Based on the above, we regret to inform you that Streetside will not be able to comply with Article 4 ("Preconditions") of your Offer to Purchase ("the Offer"), specifically, in relation to registering a condominium re-division plan, and creating separate titles for the units int he Project by June 30, 2006. Therefore, Streetside ehreby elects to terminate the agreement effective one week from the date of this letter. Please find enclosed a cheque for the full deposit amount that was provided."

I guess there's nothing I can do. All my time and energy, all for nothing. I will never be able to find a condo that offers me the same value again. The difference between phase 5 and 6 is $40k...

I am p1ssed off beyond words.

Edit: I am thinking of hiring a lawyer to look through my contract and see if there's anything that can be done. Seem like this is my only option left.

09-13-2005, 10:33 AM	#11
TheyCallMeBruce Likes Cartoons Join Date: Apr 2004 Exp:	Here's the letter I got with my deposit cheque. I will only write down the important parts: "Unfortunately, we have been unable to date to commence construction due tot he significant revisions to the design of this phase of the project necessitated in addressing previously unforeseen requirements of various municipal authorities and exacerbated by the complications arising out of the adjacent slope conditions. Consequentially, Streetside's ability to proceed with the development and construction of Blue Sky Phase 5 had been significantly delayed for the reasons beyond Streetside's reasonable control and has caused Streetside to re-design this phase in its entirety. Based on the above, we regret to inform you that Streetside will not be able to comply with Article 4 ("Preconditions") of your Offer to Purchase ("the Offer"), specifically, in relation to registering a condominium re-division plan, and creating separate titles for the units int he Project by June 30, 2006. Therefore, Streetside ehreby elects to terminate the agreement effective one week from the date of this letter. Please find enclosed a cheque for the full deposit amount that was provided." I guess there's nothing I can do. All my time and energy, all for nothing. I will never be able to find a condo that offers me the same value again. The difference between phase 5 and 6 is $40k... I am p1ssed off beyond words. Edit: I am thinking of hiring a lawyer to look through my contract and see if there's anything that can be done. Seem like this is my only option left.