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 Lawyers Corner, A one-stop centre on lawyers and queries

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TheNew
post Jan 31 2011, 11:48 PM

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I came across two properties and I am interested to purchase them. However an issue has hold me back and not sure if I can proceed. The agent said I must pay cash $ 30K as under table but upon signing the S&P the house value price is lower. When I asked him if I can settle at developer office and he said no but at a law firm. The amount paid is all inclusive. I have to take out a sum of $90k cash for these 2 properties.
Is this a normal practice to pay under table when buying properties? The agent said he is appointed by the developer to sell the units.
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Another case is an auction property.
Let's said I have successfully bidding a property and have done all the necessary legal paper works and documentation. Hence the property is mine. Out of sudden an Along came to claim the property because the previous owner had owed the Along money. As a buyer, what can I do?


TheNew
post Feb 8 2011, 11:37 PM

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QUOTE(dariofoo @ Feb 1 2011, 02:48 PM)
The fact that the phrase 'under table' is mentioned I think you have answered your question yourself. Is it normal to pay under table money when doing anything legal? Think about it.  nod.gif
You are the registered proprietor of the land and thus, your title is undefeasible, unless it is obtained by fraud or forgery. Mr Ah Long has no right over the property. Tell him that you bought if from an auction and that you have no connections whatsoever with the previous owner. Lodge a police report for your own protection if he starts threatening you.
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Thank you so much rclxm9.gif . I gave up to these properties.

I have found another property with tenant included. After paying 10% deposit to the vendor but not yet signing S&P agreement, to whom the tenant should pay the following month rental to?

TheNew biggrin.gif

TheNew
post Sep 19 2011, 07:29 PM

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I intended to buy a low cost apartment. It is a sub-sale but it hasn't exceed 5 years. I heard that by law, the owner is not allow to sell his unit.
A friend of mine told me that's alright to buy over.
She mentioned to draft a THIRD PARTY agreement by lawyer and after 5 years the name can be transfer to me.
Are there such case? and is it legal to buy over?


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