Jul 31 2018, 08:20 AM
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the rebates are not spelt out in the SPA, thus it is assumed that once u sign the SPA, you have paid 10% (check 3rd schedule , 1st item states 10% payable upon signing the agreement)
thus it's not wrong if developer state u need to forfeit/pay 10% of the SPA price.
However in your case, the 10% consists of your RM1k booking fee & the rebate given by developer. In short, it means that you just forfeit rm1k of your own money.
I'm sure there is a separate discount letter from the developer to say that the rebate is not for cash value bla bla bla so technically you'll need to fork out and 'return' back to developer the rebate.
If you refuse to pay (the 10% + legal fees), technically the developer can sue you to claim back that money.
However in practice it is not common for a developer to do so.
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