Monthly Property Legal Clinic (June 2017)
Chris Tan, Chur Associates
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When you take out a loan to purchase your home, did you know that the onus is on you to ensure the financier disburses it accordingly? You need to check if the developer is not paid on time. Also, maintenance charges for strata titles are no longer solely calculated according to the unit's size.
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Tags: condominium, residence meeting, legal clinic, transfer of vacant possession, bank loan, mortgage, key handover, maintenance fees, sinking fund, deposit, services charges, strata development