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Investment S&P Agreement, who keep?

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bob
post Feb 17 2015, 10:45 AM

* hari2mau *
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normally have 4 set of original copy & each parties get one set of S&P.

bob
post Feb 17 2015, 11:13 AM

* hari2mau *
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QUOTE(kent_lau7 @ Feb 17 2015, 10:49 AM)
No lah, I only got 1 set of original copy. Only 1. Are you sure?
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of cos u only got 1 as a buyer/owner .... the rest will go to other parties


QUOTE(cfa28 @ Feb 17 2015, 10:59 AM)
I believe its only 2 sets of Original - One for Seller (Developer) and One for Buyer

But if Buyer is taking a Loan, the Property will be charged and hence, the Bank will keep the SPA and Land Title until the Loan is fully discharged

After the Loan is fully discharged the Original SPA and Title will be released to the Buyer / Borrower
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but last time when i bought a property .. I need to sign 4 copies of S&P. Then I got one 'original' & one 'duplicate' to keep with me.

 

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