Return of Deposit Due to Nullification of Real Estate Sales Contract -…
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Return of Deposit Due to Nullification of Real Estate Sales Contract - Contents-certified Letter of Warning
1. Overview
A Kazakh national (“Client”), who has been living in Korea for a long time, wished to purchase his first home in Seoul after experiencing much hardship. To do this, the Client entered into a real estate sales contract, intending to cover a portion of the purchase price through a loan. As a special condition in the contract, the Client included a clause stating that in case of failure to procure the loan, the contract would be considered void, and that the deposit would be refunded shortly. The Client deposited 70 million won as the first installment of the purchase price to the seller.
However, after paying the first installment, the client could not secure the loan approval, making it difficult for him to pay the remaining balance. In accordance with application of the special clause, the contract became void and the Client requested the return of the deposit. However, the seller, asserting the Client’s default in making payment of the remaining balance, threatened to hold the client responsible for breach of contract and sent him a contents-certified letter of warning. Feeling overwhelmed by the situation, the Client sought legal assistance from KORUS LAW (“KL”).
2. KL’s Role
KL thoroughly examined the opposing party's warning letter and responded by providing the necessary evidences and precedents to demonstrate that, by operation of the the special clause, the contract was indeed void. KL also established that there were no grounds for a claim of contract termination or for compensation of damages due to breach of contract, and that even the right to terminate the contract was groundless.
Despite the dispatch of a contents-certified letter of response, the seller refused to accept the delivery of the dispatched response letter. With only the real estate agent confirming that he had received KL’s response letter, KL attempted to communicate directly with both the seller and the real estate agent through a phone call to verbally convey the contents of the response letter and warn them of the potential legal actions that may be taken into consideration.
Eventually, the seller replied by expressing its willingness to proceed a refund for the first installment paid by the Client and to henceforth come to an amicable agreement. KL attended the meeting as the Client's representative and actively facilitated the negotiation process, resulting in the successful refund of the entirety of the Client’s deposit.
3. Significance
Sending a well-drafted contents-certified warning letter can resolve a dispute without initiating a civil lawsuit for unjust enrichment or submitting a criminal fraud petition. The Client was able to save litigation costs and have his deposit refunded back by sending the contents-certified letter to the seller, which helped the Client return to his daily life quickly.
Even if someone has lived in the country for a long period of time, one may still lack experience dealing with real estate transactions in Korea, which some sellers/real estate agents may take advantage of to deceive foreign buyers or embezzle deposits through fraudulent actions. Thus, even if one is proficient in Korean, it is advisable to seek the professional legal assistance when dealing with real estate transactions.
* If you need classes on real estate transactions or legal concepts used in daily life, please consider visiting the KL Academy.
4. Client Response
I never would have imagined that I would be receiving a "contents-certified letter of warning" in my life.
With absolutely no legal knowledge under my belt, I felt completely overwhelmed by the pressure to effectively respond to the problem facing me. While I was frustrated with the seller's refusal to return my deposit upon having to cancel the real estate contract, I blamed myself even more for failing to thoroughly verify everything at the time of writing the contract.
Then, a close friend introduced me to attorney Ko Minseok (KORUS LAW), who has been a great help to them when they were faced with a legal issue of their own. I initially hesitated pursuing legal action as he explained that lawsuits could take up to a year, and that there was also a possibility of facing economic losses depending on the outcome.
However, on the deadline for submitting the response to the received contents-certified letter, something miraculous happened. The seller conveyed their willingness to reach an agreement, and just like in a movie, the issue was resolved. It was such an unexpected turn of events, and all the stress and tension that has been building up in expectation of a potential lawsuit instantly melted away.
They say that the true winner is the one who wins without having to fight, right?
I believe that it was attorney Ko Minseok's razor-sharp logic and masterful words in the response letter that pressured the other party into giving us a full refund. Mr. Ko even meticulously reviewed and explained each of the clause listed in the initial draft of the letter of agreement provided by the other party, which resulted in the execution of a flawless final agreement.
Mr. Ko simply left no room for the other party to refute his argument—they completely subdued by his logic. He executed the job charismatically, just as I had expected.
Unfortunately, many people are suffering due to fraudulent lease deals and other real estate-related lawsuits these days. We also faced a crisis, but thankfully overcame it with the sincere help of Mr. Ko Minseok and Mr. Kim Mansoo, as well as the staff at KORUS LAW.
Today, my spouse, our child, and I will go out for dinner to celebrate and raise a toast to our win. Once again, I wish to express my sincere gratitude to Mr. Ko Minseok and Mr. Kim Mansoo, and all the staff at KORUS LAW for making this moment possible.
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Возвращение контрактного депозита за счёт недействительности контракта по куплю-продажи недвижимости - доказательство содержания
1.Краткое изложение событий
Гражданин Казахстана («клиент»), проживающий долгое время в Корее, спустя долгих трудностей, заключил договор купли-продажи недвижимости в Сеуле, чтобы обеспечить себе свой первый дом в Корее. Клиент, который хотел покрыть часть продажной цены за счет кредита, решил включить пункт в качестве специального соглашения во время подписания контракта: «Если кредит невозможен, договор недействителен и первоначальный взнос возвращен», и выплатил продавцу 70 миллионов вон, являющийся первым авансовым платежем.
Однако, после оплаты первого авансового платежа, без одобрения кредита было сложно выплатить остаток платежа, и клиент потребовал возврата первоначального взноса, поскольку договор был недействителен в соответствии с договором. Тогда продавец скорее отправил клиенту доказательство содержания, потребовав ответственность за неисполнение обязательств из-за задержки выплаты остатка. Клиент, смущенный этим, обратился в юридическую фирму KL (KORUS LAW).
2.Роль KL
После того как тщательно просмотрев доказательство содержания, принял решение о том, что, согласно специальному соглашению, договор является недействительным. Поэтому отправил ответ по содержанию удостоверения, уточнив факт отсутствия источника требования о возмещении убытков и расторжении договора в связи с неисполнением обязательств, и факт, что даже право на отмену не установлено и т.д.
Несмотря на то, что ответное письмо на содержание удостоверения уже было отправлено, со стороны продавца получен отказ на приём. По мере того, как получен ответ только от агента по недвижимости, KL(KORUS LAW) пытался сделать прямой телефонный звонок продавцу и агенту по недвижимости, устно изложил содержание ответа по делу и предупредил их о возбуждении гражданских и уголовных дел в будущем.
В результате, продавец возвращал первоначальный взнос и утверждал своё мнение о том, что будет соглашаться с клиентом. Тогда KL(KORUS LAW), в качестве законного представителя клиента, появился на месте договора, и достигая соглашений, получил весь возврат первоначального взноса.
3.Смысл
Можно сказать, что это тот случай, когда спор был разрешен сразу, без перехода к гражданскому иску о возврате неосновательного обогащения или уголовному делу о мошенничестве и т. д., только с веским доказательством содержания. С точки зрения клиента, расходы на судебные разбирательства были сэкономлены, а первоначальный взнос был быстро возвращен, просто отправив подтверждение содержимого, поэтому можно было вернуться к повседневной жизни.
Независимо от того, как долгое время прожили в Корее, воникают случаи мошеннического действия с целью обмануть иностранных покупателей или получить авансовые платежи, воспользовавшись отсутствием опыта торговли недвижимостью в Корее. В случае подписания контракта по куплю-продажи недвижимости, даже говорящему по-корейски потребуется помощь адвоката.
*В случае необходимости лекции по подписанию контракта по куплю-продажи и жизненному праву, вы можете воспользоваться с академией юридической компании KL.
1. Overview
A Kazakh national (“Client”), who has been living in Korea for a long time, wished to purchase his first home in Seoul after experiencing much hardship. To do this, the Client entered into a real estate sales contract, intending to cover a portion of the purchase price through a loan. As a special condition in the contract, the Client included a clause stating that in case of failure to procure the loan, the contract would be considered void, and that the deposit would be refunded shortly. The Client deposited 70 million won as the first installment of the purchase price to the seller.
However, after paying the first installment, the client could not secure the loan approval, making it difficult for him to pay the remaining balance. In accordance with application of the special clause, the contract became void and the Client requested the return of the deposit. However, the seller, asserting the Client’s default in making payment of the remaining balance, threatened to hold the client responsible for breach of contract and sent him a contents-certified letter of warning. Feeling overwhelmed by the situation, the Client sought legal assistance from KORUS LAW (“KL”).
2. KL’s Role
KL thoroughly examined the opposing party's warning letter and responded by providing the necessary evidences and precedents to demonstrate that, by operation of the the special clause, the contract was indeed void. KL also established that there were no grounds for a claim of contract termination or for compensation of damages due to breach of contract, and that even the right to terminate the contract was groundless.
Despite the dispatch of a contents-certified letter of response, the seller refused to accept the delivery of the dispatched response letter. With only the real estate agent confirming that he had received KL’s response letter, KL attempted to communicate directly with both the seller and the real estate agent through a phone call to verbally convey the contents of the response letter and warn them of the potential legal actions that may be taken into consideration.
Eventually, the seller replied by expressing its willingness to proceed a refund for the first installment paid by the Client and to henceforth come to an amicable agreement. KL attended the meeting as the Client's representative and actively facilitated the negotiation process, resulting in the successful refund of the entirety of the Client’s deposit.
3. Significance
Sending a well-drafted contents-certified warning letter can resolve a dispute without initiating a civil lawsuit for unjust enrichment or submitting a criminal fraud petition. The Client was able to save litigation costs and have his deposit refunded back by sending the contents-certified letter to the seller, which helped the Client return to his daily life quickly.
Even if someone has lived in the country for a long period of time, one may still lack experience dealing with real estate transactions in Korea, which some sellers/real estate agents may take advantage of to deceive foreign buyers or embezzle deposits through fraudulent actions. Thus, even if one is proficient in Korean, it is advisable to seek the professional legal assistance when dealing with real estate transactions.
* If you need classes on real estate transactions or legal concepts used in daily life, please consider visiting the KL Academy.
4. Client Response
I never would have imagined that I would be receiving a "contents-certified letter of warning" in my life.
With absolutely no legal knowledge under my belt, I felt completely overwhelmed by the pressure to effectively respond to the problem facing me. While I was frustrated with the seller's refusal to return my deposit upon having to cancel the real estate contract, I blamed myself even more for failing to thoroughly verify everything at the time of writing the contract.
Then, a close friend introduced me to attorney Ko Minseok (KORUS LAW), who has been a great help to them when they were faced with a legal issue of their own. I initially hesitated pursuing legal action as he explained that lawsuits could take up to a year, and that there was also a possibility of facing economic losses depending on the outcome.
However, on the deadline for submitting the response to the received contents-certified letter, something miraculous happened. The seller conveyed their willingness to reach an agreement, and just like in a movie, the issue was resolved. It was such an unexpected turn of events, and all the stress and tension that has been building up in expectation of a potential lawsuit instantly melted away.
They say that the true winner is the one who wins without having to fight, right?
I believe that it was attorney Ko Minseok's razor-sharp logic and masterful words in the response letter that pressured the other party into giving us a full refund. Mr. Ko even meticulously reviewed and explained each of the clause listed in the initial draft of the letter of agreement provided by the other party, which resulted in the execution of a flawless final agreement.
Mr. Ko simply left no room for the other party to refute his argument—they completely subdued by his logic. He executed the job charismatically, just as I had expected.
Unfortunately, many people are suffering due to fraudulent lease deals and other real estate-related lawsuits these days. We also faced a crisis, but thankfully overcame it with the sincere help of Mr. Ko Minseok and Mr. Kim Mansoo, as well as the staff at KORUS LAW.
Today, my spouse, our child, and I will go out for dinner to celebrate and raise a toast to our win. Once again, I wish to express my sincere gratitude to Mr. Ko Minseok and Mr. Kim Mansoo, and all the staff at KORUS LAW for making this moment possible.
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Возвращение контрактного депозита за счёт недействительности контракта по куплю-продажи недвижимости - доказательство содержания
1.Краткое изложение событий
Гражданин Казахстана («клиент»), проживающий долгое время в Корее, спустя долгих трудностей, заключил договор купли-продажи недвижимости в Сеуле, чтобы обеспечить себе свой первый дом в Корее. Клиент, который хотел покрыть часть продажной цены за счет кредита, решил включить пункт в качестве специального соглашения во время подписания контракта: «Если кредит невозможен, договор недействителен и первоначальный взнос возвращен», и выплатил продавцу 70 миллионов вон, являющийся первым авансовым платежем.
Однако, после оплаты первого авансового платежа, без одобрения кредита было сложно выплатить остаток платежа, и клиент потребовал возврата первоначального взноса, поскольку договор был недействителен в соответствии с договором. Тогда продавец скорее отправил клиенту доказательство содержания, потребовав ответственность за неисполнение обязательств из-за задержки выплаты остатка. Клиент, смущенный этим, обратился в юридическую фирму KL (KORUS LAW).
2.Роль KL
После того как тщательно просмотрев доказательство содержания, принял решение о том, что, согласно специальному соглашению, договор является недействительным. Поэтому отправил ответ по содержанию удостоверения, уточнив факт отсутствия источника требования о возмещении убытков и расторжении договора в связи с неисполнением обязательств, и факт, что даже право на отмену не установлено и т.д.
Несмотря на то, что ответное письмо на содержание удостоверения уже было отправлено, со стороны продавца получен отказ на приём. По мере того, как получен ответ только от агента по недвижимости, KL(KORUS LAW) пытался сделать прямой телефонный звонок продавцу и агенту по недвижимости, устно изложил содержание ответа по делу и предупредил их о возбуждении гражданских и уголовных дел в будущем.
В результате, продавец возвращал первоначальный взнос и утверждал своё мнение о том, что будет соглашаться с клиентом. Тогда KL(KORUS LAW), в качестве законного представителя клиента, появился на месте договора, и достигая соглашений, получил весь возврат первоначального взноса.
3.Смысл
Можно сказать, что это тот случай, когда спор был разрешен сразу, без перехода к гражданскому иску о возврате неосновательного обогащения или уголовному делу о мошенничестве и т. д., только с веским доказательством содержания. С точки зрения клиента, расходы на судебные разбирательства были сэкономлены, а первоначальный взнос был быстро возвращен, просто отправив подтверждение содержимого, поэтому можно было вернуться к повседневной жизни.
Независимо от того, как долгое время прожили в Корее, воникают случаи мошеннического действия с целью обмануть иностранных покупателей или получить авансовые платежи, воспользовавшись отсутствием опыта торговли недвижимостью в Корее. В случае подписания контракта по куплю-продажи недвижимости, даже говорящему по-корейски потребуется помощь адвоката.
*В случае необходимости лекции по подписанию контракта по куплю-продажи и жизненному праву, вы можете воспользоваться с академией юридической компании KL.