Oct 4 2012, 09:36 PM
QUOTE(trusted519 @ Oct 4 2012, 10:46 AM)
tq recoil. So can i assume that if loan is not approved and S&P also not prepared after 15 days from the date of acceptance , me as vendor wanted to pull out, its reasonable for me to just refund the deposit without any compensation needed?
That is the case now actually.
Example:That is the case now actually.
3% deposit is RM3,000
If you (seller/vendor) cancel the agreement, the Vendor shall refund the said earnest deposit sum (RM 3,000) to the Purchaser(s) together with a compensation sum of equivalent amount (RM 3,000)
You need to pay purchaser: RM 3,000.00 + RM 3,000.00 = RM 6,000.00
plus u need to pay agent: 50% of deposit.. = RM 1,500.00
Total lost=RM 7,500.00
However, due to loan unapproved to purchaser and vendor want to pull out.. Purchaser only get RM 1,500.00, agent get RM1,500.00 (Fair deal).. or Vendor get RM 1500, agent get RM1500 (kesian purchaser)...
This post has been edited by abgkik: Oct 4 2012, 09:41 PM
Quote
0.0187sec
0.81
6 queries
GZIP Disabled