Applications to the court by vendor and purchaser

(1) A vendor or purchaser of any legal estate or interest in land, or their representatives respectively, may apply in a summary way to the court, in respect of any question arising out of or connected with the contract (not being a question affecting the existence or validity of the contract), and the court may make such order upon the application as it thinks fit, and may order how and by whom all or any of the costs of and incidental to the application are to be borne and paid. (2) Where the court refuses to grant specific performance of a contract, or in any action for the return of a deposit, the court may, if it thinks fit, order the repayment of any deposit. (3) This section shall apply to a contract for the sale or exchange of any interest in land.