funds being held by advocate

range


Joined: 13/07/2010
Posts: 28

Message Posted:
29/01/2012 16:58

Hi we purchased a house approx 2 years ago,at that time there were a few problems with vat & tax to be paid on transfer of deeds, my advocate held back approx £10,000 from the price of the house for any future problems that might happen,now what i want to know is that money mine or does it belong to the person who we bought the house from,& who gets the intrest while its sitting in my advocates holding account,many thanks

Geoff


Joined: 25/06/2008
Posts: 1370

Message Posted:
29/01/2012 17:07

Depends what it is in your contract with your advocate.

Geoff

elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
30/01/2012 08:12

Not very clear what you are asking. are you asking him to pay the Vendor or give it back to you and what are the circumstances? The matter of interest should have been discussed in the first insyance, not now. Forget it.

ismet

range


Joined: 13/07/2010
Posts: 28

Message Posted:
30/01/2012 10:19

its not a question of whos money it is, but who should be earning the intrest on it while its sat there, thanks

plawyer


Joined: 30/01/2012
Posts: 14

Message Posted:
30/01/2012 12:10

I am a TRNC lawyer as well as a UK solicitor born and brought up in the UK and recently moved down to TRNC. Currently work at a law firm in Nicosia and can travel to Kyrenia as and when needed. Fluent both in English and Turkish and willing to assist all English speaking for all their legal queries and problems.

Contactable on p.ocal@hotmail.co.uk