1. What does the following clause means:
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(b) Certificate of Fitness For Occupation (CFO) = certificate that certifies the house is fit to be occupied, issued by local authorities. marks the legal date for you to occupy the house.
VP is only the issuance of the house/site from the developer for you to posses while waiting for the local authorities to issue the CFO. marks also the end of liability for the developer to deliver the house to you as stipulated in snp. if i not mistaken vp also marks the start of the defect liability period.
(ii) you shall be deemed to have taken possession of the same, upon the expiry of fourteen (14) days from the date hereof and we shall not be liable for any damage of loss of the said Property and/or fittings therein = the developer have issued the house for you to possess, marks the end of his liability of taking care the house/site of any damage/loss/etc, now the liability of taking care of the house/site is up to you. 14 days notice serves as a precaution to you to take necessary action to ensure the house is secured from this.
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So now I have to settle the amount of RM 1084.47 (within 14 days ??) before can arrange to collect the key for performing the defect checking? And normally how long period for us to check the defect? = any defect arises within defect liability period can be complaint to the developer and he must take necessary action for remedy in reasonable time. provided that the defect does not come from your action such as renovation works,etc. normally in the case of renovation been done to the house the architect in charge will determine the cause of defect. if it is from your renovation, then you have to do yourselve, if not then it is their liability. normally if no action taken, you can appoint third party to do it.
2. Why I was charged interest for late payment? Isn't the financier shall ensure this payment on time.= the contract signed have only two parties, mainly the developer and you. responsibility to construct and deliver is on the developer side, while return back the favor ( in term of payment) is on you. thus any payment is recoverable from you (from the developer point of view) not the end financier. any argument regarding late action of payment is with you and the financier depending what the terms and agreement agreed beforehand.
anyone please add and correct me if i am wrong.
This post has been edited by riza_nad: Nov 30 2009, 12:16 AM