just check completion date:"The date when the final balance purchase price together with any late payment interest (if any) is paid under clause shall be known as “the Completion Date”. , dario,3 days VP already passed, my lawyer already talk to owner seem like he still argue with my lawyer regarding the LPI....any way to solve it?

This post has been edited by tiger3555: Apr 28 2012, 01:29 PM

I have the quotation:

1. If I'm the first one who engages with the developer, it should be okay, right? I already signed the SnP, he will sign next week and then my lawyer will proceed with the MOT.

2. Yes, it is stated under Vendor's default. 2X

3. I know it is meant to protect my interest. But, I just think that it is too expensive.

4. I got quotation, of course. It is as below.

For SnP,
Professional charge - RM350
Private caveat - RM380

For legal,
Professional charge - RM350
Private caveat - RM420

Total up RM1500.

I need advice on responding to a threat of taking "legal action" against me made by a real estate agent on Facebook.



The agent feels threatened by me because she claims I sabotaged her ad by stating the terms and conditions of what the tenancy contract entails. As a consumer, I have the right to help other consumers make a wise choice. You'll see that the offensive comment I wrote is exactly what she mentions about the tenancy contract.

The whole story is documented here and compares what she said vs. my side: http://dl.dropbox.com/u/23546828/penthouse/My%20side.docx

Hi dariofoo,

I bought a house in 2010. the house should be handed over to me on March 2012, but progress is now only 60%. The s&p signed on march 2010. Currently did not paid anything to bank cause no progress claim from the developer.
Today i got a call from bank said that i need to top up additional rm1400 for the insurans. And if i not pay, they will not release the payment to the developer. This is their 1st claim.
Should i pay the additional amount? Can i claim to developer via tribunal later?

Tq

dariofoo... its going to be 3 months since SPA had been signed... but till now my SPA lawyer are just telling that title are still pending from vendor's bank.. one more month and it would be 4th month...i already ask lawyer to push/chase the bank.. but till now no news....what will happen if the bank failed to deliver the title then? my bank are ready to pay.. but title still with vendor's bank...

For it.fusion case, can his lawyer get a VP for him to move in pending delivery of title?

You would have signed a Letter of Offer to Purchase. Check the terms and conditions there.

Thanks for the info

No choice but to instruct your lawyer to issue a letter of demand to him to surrender VP to you.

It's an empty threat which is baseless and has no merit. It's an open forum and anyone is entitled to give opinions and information. Misrepresentation does not arise in this case. Neither does defamation as you have not defamed her in any way. I would not worry about it.

hi all

i want to ask if i selling my house ( purchase less than 5 years ) will kena GOV tax ?

is that true ? if yes how many % GOV tax ?

thx

This 'insurans' payment is between you and the bank. Nothing to do with developer. You can only claim agreed liquidated damages from the developer, the calculation of which will be in your SPA. You can't claim this payment from them.

Completion date is extended in your favour.

Subject to agreement of the vendor, of course.

If within:

1-2 yrs - 10%
3-5 yrs - 5%

5/10% form Selling price now ?

or 5/10% from the price i buy few year ago ?

thx

edited

This post has been edited by axantra: May 2 2012, 04:28 PM

Gross gain is Purchase Price (when you bought) less Selling Price (current selling price). However, what is calculated is nett gain.

Thus, it is 10% or 5% of your nett gain, not from the price of the property at either time.

So, whatever costs/expenses which you spent on the property, like legal fees , renovation and upkeep costs, agent fees, can be deducted.

You can download a copy of Form CKHT 1A from the net to see what the allowable deductions are.

There's a detailed sample and calculation in v1 of this thread which may be useful to you.



This post has been edited by dariofoo: May 2 2012, 12:55 PM

How do I defend myself without making matters worse? She is painting me to be the bad guy. It's very unprofessional for her the so-called registered real-estate agent who provides misleading information and threatening to take legal action on people who give out the real facts.

She thinks she has lost a few potential tenants due to the contract terms explained.

Why are you worried if you know that you are on the right side? All you need to do is to report what is right. That's it. Let others read and judge for themselves. She has made an empty baseless threat against you. Why aggravate things further by replying to her? Do you think she will let you have the last word anyway? Of course it will go on and on and then, everyone will assume that you have a hidden and personal agenda against that particular agent, hence your act of posting in her thread/wall.

I'd advise you to just let it be.


Mission accomplished for you then.