Dear all,
We were about to purchase a condo in Porto in two weeks, we signed the promissory, but the vendor told us on the day he received the promissory he sold to someone else. We are now told by the lawyer we owe 60% of the 1,5% of "agreed" transaction percentage, the amount he tells us we owe is more than 8000€. Now it took a month to get the promissory drafted and despite the warnings from the real estate agent ( seller's agent) the lawyer insisted on waiting for the TELAS FINAIS, drawing out the drafting of the promissory. Could the lawyer nit have drafted the promissory with the contingency that the TELA FINAIS had to be supplied later ? I have only an email agreement to pay the sum of 1,5% plus VAT for his services- basically checking documents and drafting four-page promissory- I am not saying I won't pay, but 60% seems too much. Is an email agreement a binding document?
Thanks all for your advice. I'm not in the business of attorney-stiffing but wondering what I risk if I tell lawyer I don;t want to pay 8700€⁄ for a transaction that fell through partly bc of his idling for weeks.....