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Investment S&P Agreement, who keep?

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cheryee
post Feb 17 2015, 12:49 PM

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QUOTE(kent_lau7 @ Feb 17 2015, 10:39 AM)
hi dear member,

May I know who will keep the orginal Sales and Purchase Agreement during property construction period?
A) Developer
B) Owner/Purchaser
C) Bank Lawyer
D) Bank

I take a loan with Bank Rakyat.
*
4 copies of the SPA in the following manner:-

1) Stamped original to be retained by the bank.

2) Stamped duplicate to be retained by the purchaser.

3) Stamped copy to be retained by the SPA solicitors.

4) Stamped copy to be retained by the developer.

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cheryee
post Feb 17 2015, 12:51 PM

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QUOTE(cfa28 @ Feb 17 2015, 11:19 AM)
Yeah, I also signed 4-copies

Was told that

2 tag as Original

2 Tag as Duplicate
1 - Original - Developer

1 - Original - Buyer - but kept by Bank during Financing

1 - Copy - Buyer

1 - Copy SPA Lawyer
*
There'll never be 2 original copies of the SPA.

 

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