NSW Non refundable deposit

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Puttit

Member
25 June 2021
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0
1
I have entered into a contract with a pool company. The cooling off period has expired and I am considering the decision that I no longer wish to continue.
A deposit of 10% of project has been paid. The contract states this 10% is non refundable if you choose a change of mind. This is a fair term for the builder to offset any incurred costs. To date the builder has acknowledged nothing has been purchased from the builder and the only cost they have absorbed is a permit Approx $1500. This $1500 reflects 1.5%. Am I entitled to any or all of the balance of the 10% if no costs have been incurred?
 

Docupedia

Well-Known Member
7 October 2020
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794
There is also their own internal costs in having done the work to date.
 

Puttit

Member
25 June 2021
3
0
1
There is also their own internal costs in having done the work to date.
Thanks Doc, please note the builder has acknowledged no actions have been completed or attempted to date excluding a $1400 council application
 

Tim W

Lawyer
LawConnect (LawTap) Verified
28 April 2014
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Sydney
Going only by what you've said here, no, you're not entitled.
You contracted for a 10% non-refundable deposit for change of mind.
That would appear to be the deal, no further questions asked.
 

Puttit

Member
25 June 2021
3
0
1
Going only by what you've said here, no, you're not entitled.
You contracted for a 10% non-refundable deposit for change of mind.
That would appear to be the deal, no further questions asked.
Thanks