Non-Refundable and Absolutely Forfeited Means Exactly That #462

BC Real Estate Association logo with the words "legally speaking" printed below

Prior to April 2012, Section 12 of the standard Contract and Purchase and Sale (CPS) provided that unless the balance of the purchase price was paid by the buyer on the completion date set out in the contract, “the seller may, at the seller’s option, terminate this contract, and, in such event, the amount paid