Monday, July 14, 2008

The Long Waiting "KEY"

After several months of waiting, finally the key for house of BigTree & Lit'Bird has arrived. *not really.

There letter with stated date of 2 July and yet today (14 July) only i received. With the condition that, I must able to reply within "14" days from the date stated in the letter. This is totally late dated document which only left 2 days for me. Well, they don't even make the accuracy of stating 14 days referring to working day, so by ASSUMPTION we don't have much time.

So I called sis, and ask about any procedure on the delivery of vacant possession. Eventually, you need to check the house critically before sign any document on the delivery. Once you deemed the premises, the bank will release the money to the developer. Anyway, there is this clauses state:" You are deemed to have taken delivery of vacant possession of the premises upon expiry of 14 days from the date of this letter, whether or not you have actually entered into possession or occupation of the premises. We shall not be responsible for any loss or damage to the premises or any part thereof."

Well, that's really a trick. Luckily, I often go to check out the house and look at the condition. Anyway, I would really advise puchaser to be extra careful from A-Z. From the banker, lawyer firm, developer as well as later stage -the renovation company. You can't neglect any importance of the T&C from any parties.

This is a good experience and lesson. Buying a "hut" is not as easy as you think. Thorough planning and adequate funding in order to proceed the dealing.


Lit'Bird

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