Vendor wants to terminate- moral dilemma

So what did you end up doing?

 

We haven't really done anything as of yet. I can't just walk away from this as I will be out of pocket considerably, and I'm not sure he would have the funding to spot me for that. Unless he comes up with a $$ offer I'm thinking I may offer and extended settlement through to the other side of Christmas if he would like.

 

read your contract carefully and consider what could possibly happen.

 

Yup I won't be doing/offering anything except what I was ment to do under the contract, until I have it all gone over by my people. Cheers

 

But what could happen if either party to the contract were to die or lose capacity before settlement?

 

Continue as per contract. I hope you didn't permit early release of deposit to the vendor. There will be other people to support the vendors in their time of need. If the shoe was on the other foot - they would likely keep your deposit.
You are being fair, you are offering to terminate if they reimburse your out of pocket expenses. It is an unfortunate hand they have been dealt but it is their hand. Have they asked the selling agent to waive the advertising costs raked up so far? What about their solicitor, will they waive their fees too? No - so why should you?

 

Feel the compassion; note the unjustified judgement (yup, that was sarcasm!)

The vendor has done nothing wrong why try to insinuate they have?

 

That is my advice, you are welcome to yours.

 

Sounds like the way to go.
Hope it all works out sooner rather than later.

 

The truth is, vendor holds all the cards.

What I would do is settle and offer a short lease for them to have time to get everything together and organised, if one is in poor health an is in a rural area, they will need to move anyway it would seem.