QUOTE(Jliew168 @ Jan 6 2015, 10:00 PM)
See Bearbear , u r so emotional...ask your gf whether what I say is true and everything must according to SPA..Subsale no liability n no warranty is standard. Even before I
sign offer letter and not SPA ah I will stated there ..no argument
Purchaser don't like don't sign ..this to protect myself
Same like I deal with bank , u think I can change bank term on loan agreement meh ...
Before u act smart confirm with your gf first k, do so emotional
Everything need black n white
and according agreement that is simple drafting, and property no problem and buyers keep quiet or dunno... there are warranties that need to be cover by inserting terms... unless the defect causes major defect to the property...vendor is of the duty to restore it back to the the condition first seen..if you really do not have a lawyer, who is going to insist the said terms? you have documentation proof of the same? S&P before signing are still subject to comments and amendments, you sendiri see the proposed amendments? so risky
now slow slow interpret the word major defect lar..
and dun think so happy, like selling an old car i heard from sales of goods division, selling old car means what> any defect cant recover? lol there are reasonable standard expected even from an old car, what not a property which cost a hundred and hundred of thousands? furthermore normally the irresponsible vendors who know the defect, repaint it back , cover back temporarily and sell... this is a very bad intention and motive, you thought you could get away with this? evidence will be brought in as to the happening and defects on the duration and knowledge of your good selves... if evidence shows like water drips marks, left over, cracked walls and etc are happening before purchase, you being portrayed as what? dishonest seller.. sumore no appoint lawyer..
dun always wanna win and interpret terms according to your flippers mentality needs lar... when you ar purchaser, you want the term as and where as case basis to be put in by the seller who also has no lawyers ?
remember, defect in the house should always be disclose to buyers especially sub sales which do not accorded by protection like samkps of SEH said b4, there are still 5% retention for new built by developers..
if you are not, then poor buyers are left unprotected and you scot free with X+200k ( I know flippers are bad, but didn't expect to be this worse and encounter one in LYN), most of the time, when seller wanted to put that no warranty terms means the prop got problem or going to have problem...
buyers have to paid X+200k inflated and then has to fork out more to get lawyer to sue you, then repair so that they can stay, you no pay fees as seller, profit X+200k , and no repair repairs you known earlier...
come on knowledge and evidence you know about the defect will tie you down..