My wedding venue went up for sale. Should I be worried?

Question

My fiance and I booked our wedding venue back in July of this year. We just recieved a letter from our venue today stating that they just put the property on the market. They claim that our contract is their top priority and they will only sell to people wanting to continue in the wedding industry but I am very weary of what could possibly happen. Our contract states that we will only be refunded half of our deposit if we break it (we will lose $500). Our wedding is booked for June of next year. What should I do? I am planning on calling the venue first thing tomorrow morning and I am not too sure on what questions I should ask or what to say.

Answer 1

i think you should talk to the people in-charge of your venue right away and ask for options...im not sure if your contract should still stand, since in a way, they are the ones pulling out of it...so you should be able to get a full-refund...besides, i dont think the new owners of the venue will honor that same contract because the contract is between you and the old owners...you may want to check out and ask the advice of lawyer to make sure...

Answer 2

I would start looking into other venues as a back up. They will tell you anything right now to keep you from panicking because obviously their business is not doing well. They do not have to sell the venue to only to people looking to keep it in the wedding business. Look at your contract. It may not be binding to a new owner either nor will it state that you will get that deposit back in the event that they sell, etc. The new owners could turn the place into a strip club for all you know. I would hate to see you lose out on a place to hold your wedding because you waited. Also, wouldn't pay them one more cent until things are settled. I think it's smart to get in touch with the realtor but I wouldn't necessarily trust that they tell you all of what's going on. Contact the local media to do that. Tell them your story and see if you can find other brides in your situation. Publicity can be a powerful tool. The new owner won't want to look like an immediate bad neighbor so they may be more likely to uphold your contract.



best wishes.

Answer 3

I feel for you... we were in the same position! In our case, the venue did not just do weddings (in fact, it's a rare occurrence) so we were not confident in the new owner's ability to provide the services we had contracted for.



I contacted the site and let them know that I was less than confident that the new owner would honor the contract and wanted to know what guarantees there were. I learned that they had included a clause in the buyer's contract that all previous contracts would be honored with the stipulations provided (in my contract) and if they were unable to do so for any reason then I would be refunded 100% of my deposit. I know that was suppose to calm any fears I had but my fiance and I opted for another venue. Because the decison to sell was theirs they refunded 100% of our deposit.



I would just be up front with the venue about your concerns. Find out if they will be willing to refund 100% of your deposit since they made a decision in regards to selling the venue and they cannot guarantee that the new owner will provide the service(s) you agreed to.

Answer 4

i would find out if you could get your full refund since they will no longer be the owners at the time of the wedding. even if the new ones keep it as a wedding venue, they can say that you have to sign a new contract and everything in it could be different. i would be feeling the same way as you!

unless you absolutely want it there, i would pull out of it and cut your losses.

i had a similar thing happen to me. where i wanted a reception, the place it was attached to did not renew the contract for the next year, so we got our full deposit back, but it took forever to get and the the manager went bankrupt because he had to refund everyone.

if you want, talk to a lawyer to get advice. good luck!!

Answer 5

Don't cancel your contract.



Find out who the realtor is that has the listing. Then, write them a letter (mail it certified) telling them you have a contract to use that facility on a specific date, and you understand the property has been listed with them for sale. State that if there is an offer to purchase the property, prior to the date you've contracted to use the facility, you expect either the settlement of any such sale to be delayed, in order for the current owner to fulfill their legal/contractual responsibility to you, or for the purchaser of the facility to sign a legally binding document, prior to purchase, indicating they will honor your contract.



After you talk to the folks who sent you the letter from the venue, write them a letter reiterating everything they told you that wasn't already in writing, and send it certified.



I wouldn't scream or yell or otherwise make a big stink. But, I would put everything in writing to anyone that mattered, in case you have to sue them all in the end. Basically, if people are putting things in writing, they'll be sure not to screw you, because they'll know you're more than prepared to win in court.

Answer 6

I would call the venue and ask them wether you could get a guarentee that your wedding will still be hold where you want it to be.

Maybe have a backup venue just in case!

And when the venue is sold, call the new owners straight away and check your booking.

Answer 7

Hmmm..That's a tough one. legally speaking they have you in a contract, and they can take your money if you cancel the contract. IF you keep the venue and they sell, then you have a breach of contract. I would contact a lawyer and find out what he/she has to say. Because this might turn into a legal matter if the property sells.



Good Luck.

Answer 8

I agree, in basic terms get excitement from your self. i will in basic terms communicate from my own wedding ceremony, yet I in no way even observed the photographer different than while we've been doing team photos. as some distance through fact the alcohol is going, I drink, yet no longer very many times. At our reception, we've been so busy I in no way even certainly had a guess to drink something. on the top of our reception, my spouse and that i've got been suitable to the only ones who have been sober. extremely, we ended up utilising a number of our kin to their resorts. some people could have been disillusioned, yet we've been so happy that each physique had a staggering time and ended up getting abode appropriate that we did no longer techniques. GL and characteristic a astounding wedding ceremony.

Answer 9

Gal,if i were u.i'd buy d venue.