I want to ask how the 14 working days start calculated.

Is it on the day booking fee is paid and based on the date of the booking receipt?
Or, is it when the buyer's lawyer received the previous S&P, trust deed and owner's IC from the seller's lawyer?

From what I understand, you start calculating from the day after you signed booking form. It has nothing to do with when your seller provides the documents to your lawyer.

My story to share with everyone - be extra careful before you sign booking form. Most importantly - don't ever ever pay the deposit to the seller! Park it with your lawyer or agent.

http://www.myrealestate.com.my/viewtopic.php?t=9763

So, if the booking receipt is dated 28 Oct, the S&P has to be signed by 16 Nov? Am I correct?

For my case, the 14 days starts from the day I received document from seller. 14 days is to come up with the draft S&P. Once the draft is out, the 14 days is void.

no need so strict la. if subsale, sometime the seller can close one eye.
i think mine was 1 month or 1 1/2 month

This post has been edited by airline: Nov 1 2009, 10:38 AM

oh...

the seller is a lawyer too...and i am impatience as well...

end of the day, its up to the seller whether they want to enforce some of the rules of the snp like demand of interest for late payment of proceed. Just make sure the day u sign the booking slip date does not exceed 14 business days. Always follow up with your banker and remind them to release payment before the due date, specifically mention u are not going to bear the interest if the fault due to the banker side. On the safe side,u can write them down in a letter and state your intention. The point is chase them until they release the payment, any hiccups in between ask for reason. Call up everyday then they will know u mean business.

Thanks alot for the kind advice....will follow up with the lawyer everyday within this 14 days =D