Before signing SPA and Loan agreement, Anything need alert
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 Apr 22 2019, 12:25 AM
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#1
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Senior Member
1,197 posts Joined: Oct 2006 From: Kuala Lumpur  
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QUOTE(Onioncapsium @ Apr 19 2019, 09:54 PM) Plan to sign loan agreement and SPA together same day, anything need to be alert? nothing, if you're buying residential. just need to know how much to pay to developer / lawyer for the fees. |
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Apr 22 2019, 02:02 PM
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#2
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Senior Member
1,197 posts Joined: Oct 2006 From: Kuala Lumpur
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QUOTE(Onioncapsium @ Apr 22 2019, 10:20 AM) Agent said the SPA and legal fee will be borne by developer. Other than this , anything else? nothing much really. for residential property most of the things are pretty standard "Law-wise" |
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Apr 25 2019, 11:29 PM
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#3
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Senior Member
1,197 posts Joined: Oct 2006 From: Kuala Lumpur
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QUOTE(Onioncapsium @ Apr 25 2019, 03:21 PM) The SPA and loan agreement must with date? no. after developer & bank sign then only lawyer will date it.so just sign, dont put date on anything. |
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Apr 27 2019, 03:30 PM
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#4
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Senior Member
1,197 posts Joined: Oct 2006 From: Kuala Lumpur
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QUOTE(Onioncapsium @ Apr 26 2019, 08:37 PM) If let say I notice the term not as agreed before, can I refuse to sign /get them amend? What kind of term? |
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May 3 2019, 08:10 AM
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#5
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Senior Member
1,197 posts Joined: Oct 2006 From: Kuala Lumpur
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QUOTE(Onioncapsium @ May 2 2019, 04:13 PM) Apologise, it's not the term.. if your SPA front page stated "Schedule H" then it's residential property.It's the SPA does not indicate it's residential property, but the lawyer convince me this is residential property. There is no requirement under the law to expressly spell out in the SPA that the developer is building a residential property. the actual word you should look out for is "HOUSING DEVELOPMENT" or "HOUSING ACCOMMODATION" |
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May 3 2019, 08:13 AM
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#6
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Senior Member
1,197 posts Joined: Oct 2006 From: Kuala Lumpur
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QUOTE(Jay_AX @ May 2 2019, 02:56 PM) Hi gurus, just asking, recently i signed S&P for a subsale apartment. Size & address are stated corectly in the agreement but i think i saw no plan nor section diagram/drawing. Am I in trouble? Tq. generally no plans/section diagram drawing will be inserted in subsale SPAs.If it's a property under master title, what the subsale SPA basically say that they 'assign the rights in the principal SPA to you' - meaning that the diagrams in the principal SPA (between the developer and the first buyer) are also yours. |
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May 15 2019, 01:53 AM
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#7
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Senior Member
1,197 posts Joined: Oct 2006 From: Kuala Lumpur
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QUOTE(static_365 @ May 9 2019, 04:12 PM) Dear all sifus, why dont u ask LHDN directly?I want to ask regarding HOC campaign. I'm a first time house buyer. About the MOT exemption. i know that after 30/6/2019, no more MOT exemption. So i have made booking on march 2019 for a highrise property and already signed loan offer from bank . Now only waiting for SAP to be ready . I told my agent if the SAP is ready after 30/6 i will cancel the deal. Then my agent informed that even though SAP is ready to be signed after 30/6/2019, i will not need to pay MOT because i made the booking on march 2019? Is it true? |
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Apr 18 2023, 07:41 AM
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#8
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Senior Member
1,197 posts Joined: Oct 2006 From: Kuala Lumpur
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QUOTE(terence90 @ Apr 15 2023, 11:52 PM) Is possible to disagree on the adjustment rate in the SPA with developer? Or usually it's standard applied, no argument can be made? adjustment rate as in the price per square meter, or the allowed difference? |
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