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Old 2012-04-22, 08:47 PM
simonestar1983 simonestar1983 is offline
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Join Date: Apr 2012
Location: Ontario
Posts: 2
Default Getting Security Deposit Back from Builder


Could use some advice. I've been in my house for 3 years now, and I think all the construction in my neighbourhood is complete. I'm looking to get my $750 security deposit back from my builder. Can I get some tips from people who were able to successfully get theirs back. What steps did you follow? How long did it take?

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Old 2013-09-12, 08:04 PM
Karouselambra Karouselambra is offline
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Join Date: Sep 2013
Posts: 6

just make sure the site is assumed by your town/municipality. the grading deposit is returned after assumption if thats whats in your purchase agreement. YOU will get it back - its your money. as per my other post, on average it can take 4-5 years from the start of the development. if you've confirmed that the site is complete and ASSUMED, then contact the builder and make sure they send you the deposit. They generally don't automatically send it from what I've heard. I've been waiting 4 plus years now and assumption is still 4-6 months away.
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