Jul 13 2016, 02:18 PM
QUOTE(gns89 @ Jul 13 2016, 01:31 PM)
Hi Sifus,
My new property is almost completed by end of this year and I was told by my friend that I need to pay for the MOT.
However, when I called my agent and he said that I don't have to pay for the MOT as the developer do not apply for it and the S&P is already under my name.
Can someone please advice is this is possible/valid ?
If it is so, not applying for the MOT is it will affect my future transaction like selling off the property ?
I am still new in property purchasing and would like to get some guidance from the knowledgeable.
if you don't pay for your MOT, your title will not be under your name and will be under the master title, when you want to tell ur property later in the future when ur developer might not be here due to bankruptcy or gone edi, you'll have problem selling it.My new property is almost completed by end of this year and I was told by my friend that I need to pay for the MOT.
However, when I called my agent and he said that I don't have to pay for the MOT as the developer do not apply for it and the S&P is already under my name.
Can someone please advice is this is possible/valid ?
If it is so, not applying for the MOT is it will affect my future transaction like selling off the property ?
I am still new in property purchasing and would like to get some guidance from the knowledgeable.
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