Hi dariofoo,
Need your advice.
I had bought an apartment last year June at RM250k.
Lawyer informed that the vendor is given 12+6 mths to claim the strata title.
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The Vendor(s) shall extract a certified true copy of the Strata Title registered in his/her/their favour from the respective land office within twelve (12) months from the date of this Agreement. In the event the certified true copy of the Strata Title cannot be obtained within the time period, the Purchaser(s) agree to grant an extension of the time period for another six (6) months for the Vendor(s) to obtain the certified true copy of the Strata Title but if the certified true copy of the Strata Title is still not being obtained within the agreed extended time period, then this Agreement shall be deemed terminated and the Vendor(s) shall refund to the Purchaser(s) the said Deposit and all other moneys received by the Vendor(s) hereunder within fourteen (14) days from demand failing which interest at eight per centum (8%) per annum calculated on daily basis shall be charged and thereafter this Agreement shall be rendered null and void and the parties hereto shall have no claim or claims against each other save and except for any antecedent breach;
Today, I saw the same unit for sale at RM390k.
I contacted the agent and it is the same unit I bought last year.
Can the vendor put the property on sale again and can I take any legal action against him?
If he failed to claim the strata title within the timeframe, 10% will be returned back and the SnP will be terminated? Just like that?
Thank you in advance for your advice.
MERRY CHRISTMAS TO EVERYONE~!
This post has been edited by Goodemon: Dec 24 2011, 05:37 PM