Sometimes a Vendor may request for an early release of the Deposit. Normally, when a Real Estate Agent is holding the Deposit as stakeholder, the Deposit can be released once the requisition procedure has been completed and all conditions in the Agreement have been fulfilled or waived. A Vendor may make an Early Release of Deposit request because they may require the money for the Deposit of their next Property. If you are a Purchaser, you should give careful consideration and consult with your lawyer before you provide instructions authorising the Early Release of Deposit.
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