QUOTE(SYL17 @ Apr 12 2016, 11:02 PM)
Hi all,
I am selling off my private apartment in 3 days time but I am very curious about quit rent, assessment, ultitlies.
I haven't sold any property before, and have bought 3 properties before..all brand new, so I am really inexperienced.
My case:
1. The buyer is paying full cash.
2. I haven't paid any assessment, quit rent since day 1, for past 16 months.
3. I haven't paid any water bill since day 1 (accumulate till 68$). There is a deposit of 100$, I think paid by developer.
4. I haven't activate the electric, even though the developer has arranged the forms fully filled.
5. Maintenance fee I paid till March 2016, didn't pay the next quarter yet.
My questions are:
1. Should I clear the assessment now? Then get the buyer to give me back the balance prorated? Do I have to go and cancel it by informing the mbjb office?
2. Should I clear the water bill? Then quickly cancel it and take back the deposit?
3. Should I check out whether electric is opened(although no bill since day 1), maybe the electric tnb was waiting for me?
4. What else should I watch out so that I won't be cheated somehow...
Thank you!!
You have to pay off everything before the title can be transferred to the purchaser. This will be done by his lawyer upon drafting of the SPA.I am selling off my private apartment in 3 days time but I am very curious about quit rent, assessment, ultitlies.
I haven't sold any property before, and have bought 3 properties before..all brand new, so I am really inexperienced.
My case:
1. The buyer is paying full cash.
2. I haven't paid any assessment, quit rent since day 1, for past 16 months.
3. I haven't paid any water bill since day 1 (accumulate till 68$). There is a deposit of 100$, I think paid by developer.
4. I haven't activate the electric, even though the developer has arranged the forms fully filled.
5. Maintenance fee I paid till March 2016, didn't pay the next quarter yet.
My questions are:
1. Should I clear the assessment now? Then get the buyer to give me back the balance prorated? Do I have to go and cancel it by informing the mbjb office?
2. Should I clear the water bill? Then quickly cancel it and take back the deposit?
3. Should I check out whether electric is opened(although no bill since day 1), maybe the electric tnb was waiting for me?
4. What else should I watch out so that I won't be cheated somehow...
Thank you!!
Apr 13 2016, 10:50 AM

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