QUOTE(flyturtle @ Jun 11 2016, 10:27 AM)
Dear LYN forumer, recently i purchase a new developed property that due to VP on 2018, however during signing of S&P the lawyer said we cannot admend anything from S&P agreement. My question is , is it really legal to do so? Arent the lawyer suppose to safeguard buyers interest?
If you are purchasing a residential property directly from the developer then the sale and purchase agreement to be utilize is already statutorily fixed, Schedule H of the Housing Development Act. Nothing can be amended from there unless consent from the housing authority is obtained and usually the only clause that gets amended is the time for delivery of vacant possession.
Trying to amend the Schedule H is like trying to amend the law. Thus, nothing illegal here because it is done according to the law.
Unless you are purchasing a property through a sub-sale transaction then it would be absolute bollocks if the solicitors told you the agreement cannot be amended but still it cannot be termed illegal. It's just lazy. There's currently no law now to impose an obligation for solicitors to MUST amend sub-sale agreements and this is in line with the century old concept of "freedom to contract".
Bear in mind that the solicitors attending to your execution of the Sale and Purchase Agreement is NOT REPRESENTING YOU. They are representing the developer and assisting you. Ever wonder why developer bears your legal fees for the transaction?
If at all, the solicitor's duty lies with the developer.