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 Burning questions abt selling a private apartment, Any experts?

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lifebalance
post Apr 13 2016, 10:50 AM

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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.

 

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