Caveat?
Have you thought about how to protect the 10% deposit of the purchase price that you paid?
3 minutes to understand the technical terms of Sub Sale Sale and Purchase Agreement
For those who want to use a loan to buy property must ask the Agent to write down special conditions, which is the loan must be approved by the bank before the transaction can proceed and take effect.
If I sign a sub-sale Sale and Purchase Agreement (SPA), can I regret and not carry on?
If either party does not want to carry on with the contract because of his own will or negligence, he must terminate the contract in accordance with the terms in the contract.
Landmark Federal Court Judgment: Liquidated damages for Property Buyers
Hence, if the developer chooses to ask the buyer to make a deposit, the developer must accept that his contract responsibility will begin immediately, rather than the date of the Sale and Purchase Agreement.