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 Selling half of the house share SPA question.

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e-lite
post Aug 25 2020, 09:03 PM

On my way
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Joined: Oct 2006


QUOTE(mcloudteo @ Aug 25 2020, 06:59 PM)
but in S&P it stated the vendor (me) have to settle the sum in redemption statement, If I am the sole person to settle the sum in redemption statement I will get nothing.  doh.gif  [join borrower for the loan as well]

SPA Statement
In the event the redemption sum stated in the Redemption Statement should exceed the Balance Purchase Price, the Vendor shall deposit the differential sum between the redemption sum and the said Loan (hereinafter referred to as “the Top-Up Sum”)
Hahaha, who is your SPA lawyer & divorce lawyer. Scold kau them.

Sorry but unless you can amend your SPA, your SPA is the contract

 

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