Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

Financial Process of unrectified defects, Claiming money back from developer

views
     
TSStarsky20 P
post Apr 24 2024, 12:23 AM, updated 2y ago

New Member
*
Probation
4 posts

Joined: Oct 2020
Hi everyone,

Is anyone familiar with the exact process for claiming money back from developer for defects they were not able to fix within time frame stipulated in the S&P agreement?

Bought a new property by Setia and lots of defects were not rectified within 90 days by now. As owners we have a right to fix at our own cost from the extra 5% the lawyers holds until 24montha of handover.

1. Write letter to lawyer to hold the money 5% due to defects not being rectified (I have seen the official form online)

Then not sure how to go about it, submit quotation and carry out works ourselves and then claim get money back? Or submit quote, receive the sum and then carry out the works?

Any help is appreciated
claudetan
post Apr 24 2024, 05:58 AM

Enthusiast
*****
Junior Member
711 posts

Joined: Oct 2010
QUOTE(Starsky20 @ Apr 24 2024, 12:23 AM)
Hi everyone,

Is anyone familiar with the exact process for claiming money back from developer for defects they were not able to fix within time frame stipulated in the S&P agreement?

Bought a new property by Setia and lots of defects were not rectified within 90 days by now. As owners we have a right to fix at our own cost from the extra 5% the lawyers holds until 24montha of handover.

1. Write letter to lawyer to hold the money 5% due to defects not being rectified (I have seen the official form online)

Then not sure how to go about it, submit quotation and carry out works ourselves and then claim get money back? Or submit quote, receive the sum and then carry out the works?

Any help is appreciated
*
there's a pinned thread on this in case you missed it

https://forum.lowyat.net/topic/423171
TSStarsky20 P
post Apr 24 2024, 08:20 PM

New Member
*
Probation
4 posts

Joined: Oct 2020
QUOTE(claudetan @ Apr 24 2024, 05:58 AM)
there's a pinned thread on this in case you missed it

https://forum.lowyat.net/topic/423171
*
Thanks a lot 👌 tried looking for it but couldn’t find it

 

Change to:
| Lo-Fi Version
0.0166sec    0.73    5 queries    GZIP Disabled
Time is now: 20th December 2025 - 08:55 PM