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PROPERTY LAW ACT 1958 - SECT 49 Applications to the Court by vendor and purchaser

PROPERTY LAW ACT 1958 - SECT 49

Applications to the Court by vendor and purchaser

S. 49(1) amended by No. 110/1986 s. 140(2).

    (1)     A vendor or purchaser of any interest in land, or their representatives respectively, may apply to the Court, in respect of any requisitions or objections, or any claim for compensation, or any other question arising out of or connected with the contract (not being a question affecting the existence or validity of the contract), and the Court may make such order upon the application as to the Court may appear just, and may order how and by whom all or any of the costs of and incident to the application are to be borne and paid.

    (2)     Where the Court refuses to grant specific performance of a contract, or in any action for the return of a deposit, the Court may, if it thinks fit, order the repayment of any deposit.

    (3)     This section shall apply to a contract for the sale or exchange of any interest in land.

No. 3754 s. 50.