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 Unutilised sinking fund for subsale condo

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Cavatzu
post Jan 18 2024, 08:55 AM

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It’s a trap. The sinking fund is a savings account for the development. It is not meant meant to be zero. It’s meant to accumulate and fund any future capital works in the future.

I would report the lawyer to bar council that he’s completely inept.

 

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