Country: United States of America State: Pennsylvania
In June we entered into a signed agreement(written by the buyer) to sell a time share. His agreement was to have it paid by Sept. As of this date it is not yet paid in full. It was rented for this year which he is claiming entitlement to. In good faith we have extended the amount of the rental as a reduction with pay off by 12/17. If not pd by then we requested the full amount by 1/15 or we would not transfer ownership. He has had 3 extensions of time for payoff. If he continues to default I would like to know what my responsibilities are for returning the amount he has already paid?
If he does not pay you may end the contact; and you may keep any amounts collected as rent--if that is what you mean...