Developer refuse to pay full LAD but 10% only, 6 figure LAD. What should I do?
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 May 3 2018, 05:56 PM, updated 7y ago
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#1
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Junior Member
204 posts Joined: Aug 2014 From: Shah Alam 
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Continuity from here https://forum.lowyat.net/index.php?showtopic=4482306&hl=
So just now I went to developer office and they gave me letter to sign. 
Of course I dont wanna sign. My snp dated july 2013. Now almost 3 years delay. Pruchase price is RM666,667 Tribunal only accept case worth RM50k n below only. So for my case what should I do 1st? VP expexted to be handover by this june. If hire lawyer whats the cost and winning rate?  |
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May 4 2018, 01:16 AM
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#2
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Junior Member
204 posts Joined: Aug 2014 From: Shah Alam
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Someone has advice me just go the court way. High chance to win. Developer dont pay the director can go to jail.
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May 4 2018, 12:06 PM
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#3
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Junior Member
204 posts Joined: Aug 2014 From: Shah Alam
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QUOTE(aspartame @ May 4 2018, 09:21 AM) Sue developer? Developer has money to compensate 6 digits compensation to everyone? What if lawsuit forces company into liquidation? Can buyers still get their VPs and wait for xompensation? If can, go ahead... House almost completed everything finish except the house need to be clean. Now they wait for CCC and the authority delaying it. Expecting to get VP by june or july worst case. so basically my LAD reaching 200k. the same size house in the same area they developed back in 2008 sold for less than 300k only. so for 660k their margin easily 100%. |
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May 4 2018, 12:07 PM
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#4
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Junior Member
204 posts Joined: Aug 2014 From: Shah Alam
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QUOTE(Ckmwpy0370 @ May 4 2018, 11:06 AM) what kind of developer, never heard this developer. lebar daun only popular in shah alam. |
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May 4 2018, 12:09 PM
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#5
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Junior Member
204 posts Joined: Aug 2014 From: Shah Alam
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QUOTE(iambloodymuch @ May 4 2018, 11:19 AM) sign snp july 2013. so 24 months is july 2015 yes and that is the minimum amount. i wanna go for 200kdem 3 years late sure fed up wait pay full loan monthly for 2 years but still cannot move in new house better ask for the 170k |
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May 4 2018, 10:09 PM
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#6
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Junior Member
204 posts Joined: Aug 2014 From: Shah Alam
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QUOTE(McFD2R @ May 4 2018, 06:03 PM) You forgot to mention, if yhey go into liquidation, too bad for those who were initially offered 10% but did not take it up. Whilst I agree that the LAD sum is huge and worth fighting for, please know that there are risk as well. You may get 10%, full LAD due or none at all. I dont mind not getting the 10%. What the heck 10%. Either pay full LAD amount or the company n directors go dai.As mentioned by others, please gather as many aggrieved party to strengthen the voice and the case. Good luck to TS. |
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May 7 2018, 10:42 AM
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#7
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Junior Member
204 posts Joined: Aug 2014 From: Shah Alam
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QUOTE(acbc @ May 7 2018, 09:22 AM) Last time I dragged MKland to Housing Tribunal and won RM 35K and they paid in 12 PD cheques. Many were given raw deal by the developer ranging from 30% to 70%. Some more dare to say the company is closing down in few months. Today, 2018 they are still around! My lawyer alrdy do some background check. Lebar daun not gonna close down anytime soon. They have completed bukit bandaraya project. About 30% havent sold yet if lelong this 30% they have more than enuf to pay the lad. What chance they can win? Cos i never lapse my progress payment installment. Never kacau their office. Within this 3 years of delay I only went 3 times. Cant wait to get VP and bring them to court.In your case, the LAD amount is approx RM 200K so worth fighting for it. Engage a lawyer and fight. Better do it a group to split up the cost. Ensure the lawyer knows how to fight against a developer as they too will have lawyers to counter back. If win, the amount can be use to offset a renovation cost or bank loan. |
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May 7 2018, 10:44 AM
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#8
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Junior Member
204 posts Joined: Aug 2014 From: Shah Alam
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QUOTE(McFD2R @ May 7 2018, 09:08 AM) Good for you. The intention of my comments are so that people are not given a false impression that there are no risk during the course of fighting for purchaser rights. 10% of lad amount not purchase price. I dont think there is even 1 buyer will agree with it.To some buyers, who has lots of commitment, they may take up the 10% as RM60,000 can make up many months of repayment installments. So, they cannot be blamed if they don't want to take the risk. Buyers like you are fantastic. Know what's due, know what's right, know what needs to be done. Keep us updated. |
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Jul 26 2019, 08:07 AM
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#9
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Junior Member
204 posts Joined: Aug 2014 From: Shah Alam
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developer offering unsold house by joint contra buyer LAD. current selling price is 770k so developer will put few buyer in snp for 1 house. to get the cash need house need to be sold lah. all fee bourne by developer. I opted for this but some go legal.
This post has been edited by GabanGadget: Jul 26 2019, 08:38 AM |
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Jul 27 2019, 12:25 PM
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#10
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Junior Member
204 posts Joined: Aug 2014 From: Shah Alam
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QUOTE(trust4you @ Jul 26 2019, 08:51 AM) Joint name hard, in the end u all will quarrel amongst urself. Own family also can quarrel like cat and dog and pussy cat n dogma, what about joint name with other unknown buyer? Good luck atleast got something. worst thing to happen is sell at below market price to get buyer fast. 1 house joint 3 names. our LAD is 250k average. and basically we all have known each other around 2 years alrdy. |
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Jul 28 2019, 10:24 AM
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#11
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Junior Member
204 posts Joined: Aug 2014 From: Shah Alam
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25 house owner x RM10k lawyer fee and ask around other lawyers that amount is reasonable 😅
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