This is a very good thread

This question was asked way back earlier but I can't seem to find a direct answer (or maybe I've missed them, believe me.. I READ every post ). Could anyone please help RE-answer regarding this matter?

......and I would like to know if let say I submitted 20 or so list of defect but the developer only manage to rectify half of them and keep dragging, empty promises bla bla bla and so on.. WHEN can I write a letter to the stakeholder to hold the 5%? Should I asked them (in writing) to explain why the rest aren't fix first and give them grace period (again) or should I just sent the letter to the stakeholder?

Thanks

Thanks furryfluffy for a well explained answer


and now, I hope I can get some help and point of view from the forummers. I was just about to sign my S&P Agreement today but because I've been doing some homework (this forum helps me alot), I made it a point to read EVERY single details of the agreement and I found this:



NOW IT IS HEREBY AGREED as follows:-

.........

10. Vacant Posession

10.1 The parties hereto hereby agree, covenant and undertake that the Purchaser has prior to the execution of this agreement inspected and viewed the physical state and the condition of the said Property and the Purchaser is fully satisfied and accepts the same and and that the said Property is sold on "as is and where is" basis with the vacant possession

11. Condition And State Of The said Property

11.1 The said Property has been made available for the inspection of the Purchaser and the Purchaser has inspected the same prior to the execution of this Agreement. The Purchaser hereby declares acceptence of the state and condition of the said Property as the date of this agreement. The Vendor shall not be required and/or liable to carry any additional works whatsoever on the said Property.


I read and re-read and can't find anything related to the 18 months DLP. My questions are:

1. Isn't the DLP is a must in every SnP?

2. Is the SnP telling me that I will buy a house (still in construction progress) without any DLP?

3.I haven't sign the SnP yet but I've already paid the booking fees, If let say I decide not to proceed with signinig, can I get my money back?

4. The Real Estate Advisor (from the developer) told me to write a letter stating that I want DLP to be included in the SnP and she said they will comply .. Is this a valid/good move?

5. Any advice regarding this matter?

I never made any joint inspection of the house or whatsoever with the developer side. What I've done was just looking around the development area armed with a map with with highlited vacant units and choose which one I want, went back to the office and paid the booking fee. The house is not 100% ready by the way.

Help me please .. I haven't sign the SnP yet but have put down my John Hancock in other documents. The SnP was the last document they hand-out to me...

P/S: Sorry Mr. moderator, although I have posted this question here , I really think it needs a topic of its own. ( I am hoping some expert and Lowyat can help clarify this matter) Need helps regarding S&P

This post has been edited by Arkadeuz: Dec 19 2010, 10:37 PM