dario, altough this is not really a legal case, but i would like to seek for your advice.

as you may know, i am in the middle of buying an apartment, through an agent and this had come to the final step (hopefully) that is waiting for 1st release from the bank.

it is sub purchase, and the vendor (purchaser) keep chasing me about the payment, it already more than 10days (as promised by the bank, 10 working days for them to release payment) i am sub purchaser.

1. is it normal for the vendor to chase me, and not through agent? what is the purpose of the agent actually?

2. according to SPA, it is 3+1 from the date of getting the state consent, so i am not really worried but me too are really hopeful that i will be able to get the keys as fast as possible, so that i can proceed with with renovation etc.. should i worried that this process will pending at bank stage for quite a long period? this is maybank btw..

3. based on the receipt, the owner already made payment for maintenance etc to management office until december, let say i dont get the key by january 2012, do i need to pay for the management fee for january or do owner need to settle for it? according to agent i need to settle 3months of maintenance fee that is to pay back to owner for oct, nov and dis. is this normal practice?

please help

dario, thanks for your advice. appreciate it every bits.

for no 2, it actually refers to 3+1 period of which further delay i will need to pay penalty for late payment, something like that, and based on S&P, it stated that the 3+1 starts from the date the state consent letter received, not the date S&P was signed. if im not mistaken the state consent letter received on end of november 2011, so should i need to worry for any late payment penalty?

Thx dario. Really apprecite your advice.

Dear dario, congrats on your new elite status, you deserve it.

As u might aware, i am in the middle of purchasing an apartment and it comes to almost the end, when the bank release first payment and will be follow by second/final release later on. I am relief that the whole process are actually quite fast and within timeframe given

Just one quick question, when i asked my lawyer about house key, she told me that i need to refund sinking fund back to vendor (previous owner). Is this normal and the right practice? Please advice. Thanks

Spa completed means all of the neccesary process completed until final payment? Or day of spa signed?

No offense to u dario, since i think you are a lawyer (correct me if iam wrong) but can i trust the calculation done by lawyer regarding amount that i need to refund back?

Thank you very much dario, i understand now. You are truly a life saver

dario,

i bold out your statement, is this something right and parallel with law? can we challenge this? since the loan act on behalf of the bank, why should we pay for the fee? what is your opinion on this?

Dario.

This is not entirely on hire purchase/ property problem but i post up here and hopefully you can give ways on how go deal with it. This problem actually faced by my friend

My friend actually will end up his rent this february (end of the month) and according to agreement final month will need not to pay and landlord will take one month deposit as payment.

However my friend mistakenly bank in the rental for february and now he already alert the landlord and requested her to refund back the money. She will return the money upon surrenderin the key and if any things that need to be fix she will deduct from the money. My friend disagree with it as it is not in the agreement at all. And fyi during tenancy period the house was sold to current landlord, and my friend did rent out from previous owner/landlord. And according to current landlord the she did not took the deposit from previous owner, however she did agree to my friend not to pay for final month, which in agreement the deposit will be render as the final payment.

Now another problem which occur about how this fiance of landlord raise up voices and ask my friend to get out of the house immidiately, which is impossible and improper since he is a family man with wife and child. I was there when this inciden happened and i am not happy the way my friend was treated.

My question is

1. Is it proper for landlord to deduct the money which was mistakenly bank in by my friend? Isnt it right for her to return back the money

2. About the threat from her fiance, what should we do to deal about it? He did not said anything obvious like wants to beat up, chop off etc but he did raised voices and intimidate and challenge my friend.

3. Please advice on how to deal with this whole scenario. If anyone have opinions on this please share. Thanks.

Hi dario

I have a question and i think it is quite common but i just want to know how to go with it.

A friend of mine bought a property and still under construction. Just recently she received a letter claimed that she need to pay for late payment penalty. She took a loan which will pays to developer by stages completed.

So when she called developer, they said she need to pay since it is stated in the S&P. Any agreement with bank is between her and bank. When she called bank, they give excuse of incomplete documentation and they start fooling around pushing her here and there.

What i understand is that it is either bank or developer that should bear the cost not my friend. But how to deal with this problem? please advice. Thanks