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 Auction property(private caveat)

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Hapeng
post Jan 18 2014, 03:30 PM

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QUOTE(Kevinkevin @ Jan 18 2014, 01:32 PM)
hi all i success bid a auction shotlot property,but has 2 private caveat on it !
now i alreadly pay cash to buy it cos cant loan !i would to ask
1)normally how much the lawyer fee and how long will it take to release the caveat
2)now the reantal is taken buy the ppl who caveat the shoplot and my lawyer say i cant collect the rent cos no yet transfer name !is it true ?

thank you
*
Depends if the ppl who caveat has any capacity to. If not it will be quick. Won't stop them from caveating again tho.
They have no right to collect rent. Show the tenants ur spa, sign new tenancy
Hapeng
post Jan 18 2014, 07:32 PM

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Yes, u need to remove caveat before u can transfer. Is your lawyer capable? And on what grounds they caveat.

 

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