Deposit refund

[Ajnicho]

Hi all

I entered in to a verbal contract with a landlord to take over a unit.

He asked me to pay a deposit to take the unit off the market which I did. I was never given a receipt despite asking for one.

Now, due to planning issues, it looks like I may have to pull out.

Would I get my deposit back? No lease or agreements have been signed

Thanks

 

[Big G]

Hi there,

What correspondence do you have in relation to the deposit? Any emails, texts, letters?

How did you pay the deposit, bank tranfer, card payment?

 

[Ajnicho]

Hi.

Yes I have text messages asking me for the deposit for him to take it off the market. The deposit was paid via bank transfer to his business account

 

[Big G]

Ok, so you have proof of the agreement regarding the deposit.

Did it state anywhere that it was a non refundable deposit?

How much was the deposit if you dont mind me asking?

Did he take the property off the market when you paid the deposit?

 

[Ajnicho]

No, none of the text messages state it was non-refundable. I made the deposit simply to show my interest was genuine .

The deposit was £1800.

The property was taken off the market, yes .

 

[Ajnicho]

And thank you for your time

 

[Hash and Bash]

As this was a B2B contract you won't necessarily have the same rights to a refund of the deposit as you would with a B2C contract.

With B2C contracts, businesses are generally only allowed to retain that part of the deposit which covers their actual costs (even where the contract states "non-refundable deposit").

 

[Big G]

Yes I agree with Hash and Bash.

I think time will only tell once you actually make the decision and either proceed or ask for your deposit back.

Be interested to know what answer you get if you do request your deposit back.

 

[Ajnicho]

Thanks guys. So there are no laws regarding this then... It's basically down to him

 

[Newchodge]

You paid the deposit so the property wuld be taken off the market. The property was taken off the market, you got what you paid for.