09-18-2020, 01:40 PM
(09-18-2020, 11:35 AM)panamaniac Wrote:(09-18-2020, 11:30 AM)Spokes Wrote: Wow, how can they justify doing this? Thats crazy
Rule #1 - the developer never loses.
This rule can be generalized...those who can afford the more expensive lawyers never lose.
It's just one more example of where people have the delusion of free equal bargaining position but don't, for example, when I want to buy a house, I can draft a contract which might put restrictions on the types of circumstances that would allow a seller to back out of their purchase, and penalties if they do so.
But the last time I bought a property it was from an individual seller, we both had our realtors, and our own lawyers, and were negotiating on more or less the same level.
I'm guessing there aren't really such provisions in the contract when you're dealing with a developer, nor do you likely have the negotiation power to put such provisions in. It's one of the reasons there are pieces of legislation like new home warranty.
One of the sneakiest things corporatism has done is pretend that an individual person can negotiate with a hundred billion dollar company on an equal basis .