What if the developer does not refund the subscription funds?

If the developer refuses to refund the subscription money, the buyer can complain to the local construction committee, housing authority, industrial and commercial bureau and other government departments, or bring a lawsuit directly to the court, but must keep the evidence such as contracts, receipts and transfer bills signed when paying the subscription money.

When paying the subscription money, buyers must read the contract carefully to ensure that it is the subscription money rather than the deposit, and there must be an unconditional refund clause in the contract. Subscription funds are different from deposit, which is the deposit for signing a contract. Subscription funds do not have any guarantee attributes. As long as the buyers are unwilling to buy a house or have not yet bought a house, the developers must unconditionally return the subscription money.

Pay attention to the relevant exemption clauses when signing the relevant documents when paying the subscription funds. When the terms are not signed, the subscription has no legal effect, and the "sincerity money" and subscription money paid by the buyers during the subscription process can be refunded. When purchasing and signing a formal sales contract, buyers need to be careful to identify and prevent behavioral clauses that harm their legitimate interests. When signing any terms, they should also look carefully and pay attention.

Need to carefully check the contract, whether there is an agreement: if the developer stipulates in the subscription agreement that the buyer will not buy a house for personal reasons in the future, then the subscription money will not be refunded; Or agree to directly convert the subscription money into the deposit (according to the law, the buyer has no right to demand the return of the deposit if he fails to perform the contract, and the developer shall return the deposit twice if he fails to perform the contract. ), if there is an agreement between the two parties as a "down payment", it can be executed according to the contract, and then it will not be refunded.

General process of subscription

1. First, the consumer goes to the developer to fill in personal data. After paying a large amount of "sincerity money", they will get a "certificate" with various names such as VIP card, VIP passport, VIP consumption card or subscription card.

After obtaining these "certificates", consumers are eligible for "recognition". However, the number of consumers who are often qualified to "recognize" will far exceed the number of houses actually launched by the real estate.

3. It is the so-called "solution" (general developers will start the "solution" after obtaining the pre-sale qualification). In the case that the number of "approved" houses exceeds the actual number of saleable houses, developers generally take the form of "drawing lots" to select people who can choose houses from the "approved" consumers.

4. Pay the down payment for the selected house with a unified house number, sign a subscription book or a pre-sale contract, and sign a subscription contract with the developer after selecting the house number. Then sign the "Pre-sale Contract" or "Real Estate Sales Contract".