Hi, I have a query from my partner:
"I went into an agreement to build a motor vehicle for a client. The agreed price was R395 000-00 with a 50% deposit. In May 2012, a small payment was made towards the 50% deposit. We then waited a year and four months for the next two small payments. Altogether three payment were made but did not total the 50% deposit.
In the meantime we had already begun building the vehicle. Up until October 2013 we had still not received the full 50% deposit.
Can I charge this person storage fees? The total days of storage is 1017 days up until 31st May 2016.
I have been told I can charge R250-00 per day as prescribed by the Motor Industry."
Thank you very much.