QUOTE(Airoha @ Dec 29 2011, 11:43 PM)
Hi, can any lawyer advise whether the developer S&P lawyer can do this?
The scenario is like this:-
I bought a condo with S&P free using developer lawyer. S&P and loan agreement signed and stamped already. Today, S&P lawyer call and said the developer want to amend something on 1 page of the S&P and the effect to me is minimum. (I haven't received what is the changes). The lawyer will send 4 copies of A4 papers to replace that page to me and ask me to initial of all 4 pages of A4 paper and sent remaining 3 pages to her. My question is, is this common practice in Malaysia? Is the S&P still legally valid? IF I refuse to the changes, what can I do? (The developer is a listed company)
Yes, parties can amend the SPA. But do check what it is. Probably a typo? Error? At least they should inform you what it is.The scenario is like this:-
I bought a condo with S&P free using developer lawyer. S&P and loan agreement signed and stamped already. Today, S&P lawyer call and said the developer want to amend something on 1 page of the S&P and the effect to me is minimum. (I haven't received what is the changes). The lawyer will send 4 copies of A4 papers to replace that page to me and ask me to initial of all 4 pages of A4 paper and sent remaining 3 pages to her. My question is, is this common practice in Malaysia? Is the S&P still legally valid? IF I refuse to the changes, what can I do? (The developer is a listed company)
Amendments are practised but am not sure if it is COMMON. Can't back it up with any database or somesort. SPA would still be valid,no prob.
If you refuse? What if the amendment goes to the root of the contract and affects the performance of the contract? Then would it not end up being detrimental to you?
Dec 30 2011, 01:32 PM
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