Legal information

How can I get my deposit back if I haven’t purchased a house? Is the deposit refundable?

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According to the law, if the house sales contract cannot be signed due to reasons that cannot be attributed to both parties, the seller should return the deposit to the buyer. Moreover, for the reasons that cannot be attributed to both parties, it is actually that the buyer and seller cannot reach an agreement on certain terms of the sales contract before signing the sales contract, because the party who made the deposit did not ultimately agree to sign the sales contract.

Specifically, certain terms of the sales contract include the following:
1. Failure to perform obligations;
2. Delivery time;
3. Delivery conditions;
4. Payment term;
5. Select a loan bank;
6. Supplementary provisions;
7. Whether the developer’s advertisement serves as a contract term;
8. The specific design plan of the community and other details of the house purchase.

Therefore, if the above terms cannot be reached, and the buyer is unwilling to continue the purchase, he can negotiate with the seller in accordance with the above terms, and the commercial housing pre-sale contract cannot be concluded. According to regulations, the seller must return the deposit to the buyer.

The legal knowledge in this article does not represent legal advice. If you encounter similar problems, you should analyze them in detail. If you want to know more information in this regard, you can contact the lawyers of Yingting Law Firm for one-on-one online consultation in time.