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 Bought a property, almost 12 months ago, SPA still not done

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that1337guy P
post Oct 27 2021, 11:11 AM

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you can actually sign the S&P and pay the 10% deposit right now. However u can't collect rental from the owner until you have paid the full balance purchase price.

however the whole transaction length depends on :

1. whether property has restriction in interest (sekatan kepentingan). take a look at the title/land search
2. whether title is in owner's name

it may take up to a year depending on scenario.

can PM me if u need clarification.

 

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