Getting cold feet on the sale of a Richmond house has landed two property investors in legal hot water. Eng Kiat Tan and Cheng Lo face a legal bill of up to $1M after a court found they invalidated a contract by telling the real estate agents they were pulling out of a deal and not the vendor, Thomas John Russell, or his solicitor. To read the entire article on Domain.com.au, please click here.
As usual, Paul recommends that you read the contract and seek independent legal advice prior to execution.