Mar 11 2022, 12:04 PM
QUOTE(seizer90 @ Mar 11 2022, 08:21 AM)
Thanks for formula. I think they use the same one.
In my case, individual strata title is not handed over yet.
Also mentioned in my SPA
(1) The Purchaser shall be liable for all outgoings including quit rent, rate, tax, assessment and other charges in respect of the said Parcel as from the date he takes vacant possession of the said Parcel or from the date the said Parcel is transferred to the Purchaser, whichever is earlier.
Does it mean quit rent should be based on parcel size only?
Not based on this clause, it just uses "Parcel" to mean unit ownership, doesn't mean that they must use parcel size. SPA clauses don't cover how to divide payment of quit rent for Master Title.In my case, individual strata title is not handed over yet.
Also mentioned in my SPA
(1) The Purchaser shall be liable for all outgoings including quit rent, rate, tax, assessment and other charges in respect of the said Parcel as from the date he takes vacant possession of the said Parcel or from the date the said Parcel is transferred to the Purchaser, whichever is earlier.
Does it mean quit rent should be based on parcel size only?
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