1. When signing a house sales contract, liquidated damages shall be stipulated. Take out the signed contract and see how it is stipulated. If the agreement is 10%, it shall bear the penalty of 10%. If there are provisions in the contract, the liquidated damages will generally be paid according to the provisions of the contract, but the gap between the agreed amount and the actual loss cannot be too big.
2. The liquidated damages for house purchase and house return refers to the money that should be paid to the other party when one party breaches the contract according to the agreement of the parties or the direct provisions of the law. The purpose of liquidated damages stipulated by law is mainly to safeguard the corresponding losses suffered by the observant party. When one party breaches the contract, the breaching party needs to pay liquidated damages to compensate the observant party.
3. If the seller can't prove the losses suffered and the buyer claims that the liquidated damages are too high, then the buyer can seek legal help and apply for adjusting the liquidated damages, and the court will make certain adjustments according to the actual losses caused by the observant party. It is indeed a bit high to pay liquidated damages for buying a house and returning a house. You can negotiate with the developer.
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