QUOTE(tongyk @ Nov 10 2022, 09:40 PM)
There will be no standard T&C stated into the LOA by any banks say cancel without charges due to not approved by KWP. It's all manipulated by the team of bankers whether submit ur acceptance of LO to their HQ.
I advised those who are keen select the unit 1st and get all necessary approval 1st only sign the bank LO. It usually can hold for 60 days, ur banker just need to apply for extension of acceptance.
Yes, developer/ agent said if no LO signed, cannot choose unit. Forcing you MUST get a loan approved and SIGN only able to choose the unit.
Yes, developer/ agent also FORCE you to take up the so called 'optional' top up 15K upgrading package. Although stated is 'optional', but as per agent, they only offer for those buyer who willing to get the upgrade FIRST.
The statement in the letter for the 15K upgrading package is:
I/We further request to purchase the additional works attached herewith under Attachment 1 at a total agreed cost of RM15,000.00 under a Supplementary Agreement to the Sale and Purchase documents.
I/We undertake to execute the supplemental agreement and make the payment of RM15,000.00 upon execution of the Sale Documents.
Attachment 1
Additional Works :
1. 1 Water Heater Point & 2 Air Conditioners Points
2. 4 Numbers Of Air Conditioner Refrigerants & Drainage Pipes
3. Plaster Ceiling To Conceal Air Conditioner Piping
4. Tiles
- Living & Kitchen Area – 600 x 600 Tiles
- 2 Bathrooms – 600 x 300 Tiles
- Yard Area – 600 x 300 Tiles
What offer letter is this? Is this a binding document? I never receive the 'Supplementary Agreement to the Sale and Purchase documents' yet. What are the 'Sale Documents'? Is not completion of work then (install all the points/ pipes/ tiles etc) only proceed the payment of 15K? Come on, is 15K a small amount?
For the attachment 1, where is the water heater points, air conditioner points, pipes? What tiles they are using? Everything is not clear enough but you being forced to sign on it. Do you all think is fair to buyer?
I hope government officer/ lawyer may look into this. Foresee they might have argument in the future for such matter.