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 Developer forfeiting deposit, legal? how much?

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TSgedebe
post Sep 2 2019, 12:43 AM, updated 7y ago

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is there any rules saying that the forfeiting or charging admin fees if you happen to cancel your booking?
I was recently charge RM500 by a well know developer in Kajang aka M*H although it was written B&W on the receipt but is charging rm500 for admin fees if you cancel legal?

This post has been edited by gedebe: Sep 2 2019, 12:44 AM
j88j
post Sep 2 2019, 12:46 AM

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if ur loan approved but u cancel, forfeited.
if ur loan rejected, developer will refund back.
Boomwick
post Sep 2 2019, 12:47 AM

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Go and challenge them to housing ministry and see

Complain to rehda, bovaea, miea
TSgedebe
post Sep 2 2019, 01:15 AM

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QUOTE(j88j @ Sep 2 2019, 12:46 AM)
if ur loan approved but u cancel, forfeited.
if ur loan rejected, developer will refund back.
*
not loan rejection but due to change of mind
rubrubrub
post Sep 2 2019, 01:37 AM

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QUOTE(gedebe @ Sep 2 2019, 01:15 AM)
not loan rejection but due to change of mind
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then of course can forfeit la. lmao
WahBiang
post Sep 2 2019, 11:01 AM

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QUOTE(gedebe @ Sep 2 2019, 01:15 AM)
not loan rejection but due to change of mind
*
Suppose they cant even collect deposit right?? If wan be bad, can go thru Redha.. But if is me, i would just let it go... I 4go 1k out of 5k last time...
TSgedebe
post Sep 2 2019, 12:44 PM

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QUOTE(WahBiang @ Sep 2 2019, 11:01 AM)
Suppose they cant even collect deposit right?? If wan be bad, can go thru Redha.. But if is me, i would just let it go... I 4go 1k out of 5k last time...
*
not take deposit is 1 point, what about charging admin fees on your cancellation?
apalexar
post Sep 2 2019, 12:56 PM

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QUOTE(gedebe @ Sep 2 2019, 12:44 PM)
not take deposit is 1 point, what about charging admin fees on your cancellation?
*
Isn't it normal? SDP has the same t&c as well
TSgedebe
post Sep 2 2019, 03:59 PM

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QUOTE(apalexar @ Sep 2 2019, 12:56 PM)
Isn't it normal? SDP has the same t&c as well
*
i also think that it was normal until i went to a new project by Hong Leong who claim that consumer shouldn't be charge even if they cancel

apalexar
post Sep 2 2019, 04:24 PM

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QUOTE(gedebe @ Sep 2 2019, 03:59 PM)
i also think that it was normal until i went to a new project by Hong Leong who claim that consumer shouldn't be charge even if they cancel
*
Perhaps it's cancel under certain conditions instead of just simply cancel.
TSgedebe
post Sep 2 2019, 04:52 PM

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QUOTE(apalexar @ Sep 2 2019, 04:24 PM)
Perhaps it's cancel under certain conditions instead of just simply cancel.
*
for Hong Leong, case, you can simply cancel
dave1987
post Sep 2 2019, 05:22 PM

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Of coz... Can take ur 500

U change ur mind...

If all buyers change the mind.. Developer can close shop..
If no charge 500

U can try challenge but.. Mostly u will lose
apalexar
post Sep 2 2019, 05:32 PM

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QUOTE(gedebe @ Sep 2 2019, 04:52 PM)
for Hong Leong, case, you can simply cancel
*
Guess they're just simply blow water, ask them if signed their loam LO can just simply cancel if change mind 😏
dannychen
post Sep 5 2019, 10:07 PM

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Bayaran Pertama

Amaran:
Pemaju tidak boleh mengutip apa-apa bayaran.
Tanpa suatu Surat Perjanjian Jual dan Beli.
Ansuran kepada pemaju yang tidak disokong dengan satu perakuan yang ditandatangani oleh Arkitek atau Jurutera Pemaju yang bertauliah.

source
metalslug
post Sep 19 2019, 11:29 AM

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QUOTE(dannychen @ Sep 5 2019, 10:07 PM)
Bayaran Pertama
 
Amaran:
Pemaju tidak boleh mengutip apa-apa bayaran.
Tanpa suatu Surat Perjanjian Jual dan Beli.
Ansuran kepada pemaju yang tidak disokong dengan satu perakuan yang ditandatangani oleh Arkitek atau Jurutera Pemaju yang bertauliah.

source
*
what if pemaju requested to sign SPA before loan approved and decided to change mind? I encountered with a pemaju ask to sign spa after paying booking fee 2k before loan approved. Legal ka if bank loan belum approved and signed SPA?
dannychen
post Sep 19 2019, 04:59 PM

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QUOTE(metalslug @ Sep 19 2019, 11:29 AM)
what if pemaju requested to sign SPA before loan approved and decided to change mind? I encountered with a pemaju ask to sign spa after paying booking fee 2k before loan approved. Legal ka if bank loan belum approved and signed SPA?
*
loan and deposit are two different topic. you can sign offer letter before spa/recommended to sign offer letter before spa to secure your loan as a buyer. it is illegal for developer to collect a single cent from you prior to spa signing. they will ask you to pay to their lawyer to bypass this regulation. if you have any receipt issued by the developer (before spa date) then you can bring your case to tribunal to get back your money.

 

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