What are the penalties for non-payment or default by the home buyer?

buyer Default Home non-payment penalties
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What are the penalties for non-payment or default by the home buyer?

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The penalties for non-payment or delay in payment are penalty of 0.04% per day of the total unpaid amount for thirty days. If payment is not made within the next thirty days, Flamingo will nullify the Agreement after deducting 12% for damages from the total paid amount.

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