Ali v. Aarabi

Mikell, Judge.

Yusuf Ali appeals the trial court’s ruling that he is not entitled to a refund of the earnest money he paid pursuant to a contract he executed with Michael Aarabi to purchase a shopping center. We reverse.

It is undisputed that on September 19, 2001, the parties entered into a standard commercial sales agreement (the “Agreement”) for the purchase of the property located at 4019 Glenwood Road in Decatur (the “Property”). Paragraph 3 of the Agreement, entitled “Earnest Money,” provides, in pertinent part:

Purchaser has deposited with Broker $5,000.00 ... as “Earnest Money” which…