Whilst the contract that you have signed with your new home builder is designed to outline the responsibilities of both parties in regards to the construction of a house, there are a number of situations that could actually call for your contract to be broken. If you believe that one of the below situations has arisen with your builder, then you may speak with them about cancelling your contract:
- Mistakes – If there was a mistake made in the original contract, it can be considered invalid if one of the parties feels that the fact stated is false; this cannot occur if the mistake is considered a result of negligence.
- Inability to Perform – If one of the parties to the contract passes away before the work can commence (either the homeowner or the builder), then it becomes null and void.
- Misrepresentation – If one party to the contract is found guilty of misrepresenting the fact or making a false statement, the document can be terminated (and they may have legal action taken against them).
- Coercion – If a person has been forced to enter a contract against their will, then it is not considered enforceable by law. If they were threatened with physical violence, for example, the contract is void.
In part two of this article, we will outline the final four reasons that could call for the termination of a contract with your new home builder. Remember that, if you ever feel that one of the above situations has arisen, you will be completely within your rights to break the contract and either have another one drawn up or to take your business elsewhere.
