QUOTE(teoanne @ Mar 29 2011, 08:35 PM)
sorry to tumpang your thread. I also just bought a new development but via subsale from the owner. It is still within the defect liability period. Am i (ie: the subsale buyer) covered? Can someone confirm?
I guess you need to call to the developer and find out by yourself. Different developers has different SOP. Some would say subsale buyer not entitled for the liabilities, but some does.These question will only arise when buyers buying a newly completed subsale property. The liability should be from the developer but not the 1st owner who wanted to sell. Most of the time, old properties are sold with "as it where is" basis. Furniture and fittings are hard to tell if they will be in good condition. Some how not all interior design/fittings/renovation is favour by new buyer. So, the question should be precisely this way, "Is the liability period from the developer transferable to the new buyer".
Please take note, the liability period should calculate from date of delivery (VP date).
My two cents.
This post has been edited by burntsienna888: Jul 20 2015, 04:26 PM
Jul 20 2015, 04:24 PM

Quote
0.0144sec
1.63
6 queries
GZIP Disabled