Hi dariofoo..
Need ur advice..i am in d midst of buying an apartment thru an agent. But havent sign d S&P yet la..just deposit.the apartment is currently being rented out. Just say that after signing d s&p and the current tenant moves out,i receive an outstanding utilities /syabas bill (2-3months not paying bill)
1.) do i have to pay the outstanding amounts when i change the bill name from old owner to mine?

Hi Dario,
Recently i'd purchase a 2nd hand properties freehold. Below are few things that i need to clarify cause i am new in this field 

-It takes more than 4 months to transact as developer doesn't allow direct transfer of title to me. is it true?

-Now my bank had release the first portion of money to settle the remaining loan amount to the vendor. How long it takes normally for me to get the key after this process?

-If the vendor couldn't find the document of the property and causing delay, how do i claim back the interest?

-How to make it faster for me to get the key??? it has been more than 2 weeks after the 1st portion of money had been release.  The amount is about 90% of my tatal loan amount and i need to pay the interest   

Thank in advance!

Kvloh.

Goodday Dario,

I am trying to read up so I will not repeat questions and I realised this is v2 and a v1 has 128pages 
Ill read them up slowly, but I would appreciate if you can give some insights here.

When a project gives a promotion as below;
- SPA legal fee & disbursement fee absorbed by developer (subject to developer’s appointed lawyers)
- Loan document legal fee & disbursement fee absorbed by developer (subject to developer’s appointed lawyers)

What are the parts which are missing. This is a leasehold service-apartment going at 360xxx.

I am thinking we will have to pay for
- strata title/MOT later

I was told the buyer will have to pay for loan agreement stamp duty for 17xx.

Anything else we should be aware of?.

thanks

I'm not sure whether this is the right place to ask the following  question...

is it a normal practice for an agent to add 6% GST to the buyer's earnest deposit?

Example:
Property Purchase Price: RM115,000

3% Earnest Deposit: RM3,450
6% GST: RM207
Total Earnest Deposit= RM3,657

Hi Dario,

Need some advise..

I signed S&P early Dec last year for an apartment. According to the lawyer, the process now pending blanket consent from land office. Developer applied on early June 2012. Already obtained consent to transfer from Developer on May 2012. My question..

1) What is blanket consent? How to speed up the process? Can i go and check the status with land office? What doc do i need? Cos according to the lawyer, only developer can follow up with land office. Is it true?

2) S&P mentioned the following..

"The balance of the Purchase Price shall be paid within 3 mths from the date of receipt by the Common's Solicitors of a copy of Letter of Consent to Transfer of the said property to the Purchasers from the State Authority."

From this statement, is it the start date of my S&P after obtaining blanket consent from land office? Can vendor charge me for the delay? Or can I charge him? Can vendor cancel the agreement due to the delay?

3) I am using same lawyer with the vendor. How to protect my interest?

4) Whats the next process after getting the blanket consent. Approximately how long do i need to wait? How to push the lawyer to be more aggressive/efficient? I've waited for almost 8 mths now.

Pls advise. Thank you in advance.

I argued, if that is the case it is the responsibility of the agent to collect from the Vendor, not charging the buyer's first then deduct later... Am I correct here? This is my first time buying a property, so I'm not sure whether this is the normal practice. By the way, all those "pay 6% fee first, deduct later" are not stated in the LO, which make me even more suspicious

erm... I am totally new to buying a house... so i have a question here...

I have just paid the booking fees for the unit I am buying (which is a leasehold). Both of us, vendor and buyer has agreed that I will only sign the S&P after the vendor's lawyer has obtained the consent from the land office.

So the question is, do I need to appoint a lawyer at this point of time or I can just wait until the vendor has obtained the consent then I start looking for my lawyer?

Please help... quite urgent here...

Well my situation here is I am getting the loan from my company... so I need to be a confirmed staff (which I hope to be in 3 months' time), at this point of time...
So if I have already engaged a lawyer to vet the SPA, do I have to proceed with the loan? Or I will start looking for the loan after the consent has been given? Can you share with me the proper procedure starting from agreeing to buy (paying booking fee) until the house is mine. What will my lawyer do, and what will the vendor's lawyer do. What sort of things are required?

thanks

Anyone know if the SPA legal fees for leasehold properties is typically more expensive than for freehold properties?
Or is it the same?

Sorry maybe someone could have asked this question.  But I am in a hurry to find the answer to this.

My hubby owned a massage center and was sold to Party A.  The tenancy agreement for the shop was expired and landlord is still holding on the 2 months rental.  My hubby has verbally told the Landlord that party A will take over the shop and will continue paying the rent. 

However Landlord requested my hubby to serve 2 months termination notice.  And my hubby is required to pay for July & Aug rental.  And by Sep, Landlord will return him the 2 months deposits.

Questions:
1)  Is my hubby still be responsible for the shop even the agreement has already expired?
2)  Should my hubby pay for the 2 months rental and serve the termination period?

Please advise.

No.  "A" supposed to continue paying rental since he has bought over the company.  But "A" suddenly changed his mind not to continue renting the shop.  "A" removes all the electrical thing and furniture and ready to move out.  I think this is what makes the landlord angry.

Landlord called my hubby and requested him to pay for the rental otherwise he will make a police report.

Only verbally told Landlord that the company has been sold and that A will continue to pay rental.  There is no agreement between Landlord & A. 

The company was already sold to A and key has handed to him.  My hubby is no longer owned the company.  But my hubby is just worry that the Landlord will use the expired agreement against him.

O..ok..will do..thanx..btw,the agent told me that the whole cost is including the bank legal fees as the current S&P lawyer is one of the banks panel lawyer..can like dat meh?

can i request for a quotation for loan agreement lawyer fee from Bank's panel lawyer to compare with other firm ?

i borrow legal fee on top of housing loan amount from OCBC. the banker told me that OCBC need to redraft the LO , if i want to change the loan agreement lawyer to my developer's lawyer . But as far as i concern , LO doesnt stated down the lawyer firm appointed and LO doesnt not related to OCBC panel lawyer.

I consulted my developer office and they told me that i still can choose my own lawyer even i signed the LO. LO is LO , doesnt related to lawyer appointed. so no need to redraft LO...and the LO never mentioned about the lawyer firm as well.

juz realised LO got stated down the solicitor's address and contact no.

and its written OCBC's solicitor. so i guess i will juz use back their panel . i believe they wont overcharge as there is guideline by bar council to follow right ? and i can dispute them for the amount charge if i found not reasonable isnt it ?

thanks a lot Dario !

the bank appointed the firm without my acknowledge. i have yet to provide sufficient documents to proceed for the loan. they still need some documents frm me ..

i see. i dont mind about that as long as the fees charge is reasonable. and smooth process

but i cant get quotation to compare d..

yeah.. saw a lot of examples.. but can we dispute on the charges in case they charge unreasonable disbursement fee ?

thanks a lot for ur effort. appreciate it !   

Hi Dario

Bought a condo about 3 years ago from the secondary market..
now title is out..

do i  have to pay stamp  duty to register the title in my name??

tks