Feb 24 2010, 12:17 AM
QUOTE(leongal @ Feb 23 2010, 03:19 PM)
ok...should check the offer letter...
it is a sub sale, so it is just the bank loan agreement's legal fees....
Added on February 23, 2010, 3:47 pmchecked with the bank that the loan agreement fee borned by the bank is capped up to 2% of the loan amount, and my loan amount was too small...so i had to pay the difference....
but is that such clause?
sub sale oso have S&P, between u (buyer) n the seller it is a sub sale, so it is just the bank loan agreement's legal fees....
Added on February 23, 2010, 3:47 pmchecked with the bank that the loan agreement fee borned by the bank is capped up to 2% of the loan amount, and my loan amount was too small...so i had to pay the difference....
but is that such clause?
S&P or sales and purchase agreement is an agreement lining all the terms of the sales, the act of the seller selling to u and the purchase, act of u, purchasing the property, hence the name Sales & Purchase agreement.
Loan agreement is for u and ur financier. after the sales had been transacted, the transfer of ownership will be done via a transfer letter, usually named as Deed of Assignment....
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