Asked by Anonymous
Dear All,
I have signed a booking form and letter of loan acceptance, I am going to prepare the SPA, however I was informed by property agent that Vendor would like to remove some clauses from SPA.
The agent is telling me that Vendor would not be giving any warranties on damage or fire happened to the house after redemption to vendor's financier. Vendor wants me liable to the damages/fire event Vacant Possession / strata haven't transfer to me, meanwhile I will still need to proceed to purchasing the property. Moreover, agent nor vendor is not informing or stating this when I sign the booking form. Agent is trying to convince me accepting the removal of the clauses but I would like to follow the standardized SPA.
What I can do if I insist follow the standard SPA? If vendor and me cannot agree to each other, can I received the full refund to my 3% deposit without any dispute?
I have signed a booking form and letter of loan acceptance, I am going to prepare the SPA, however I was informed by property agent that Vendor would like to remove some clauses from SPA.
The agent is telling me that Vendor would not be giving any warranties on damage or fire happened to the house after redemption to vendor's financier. Vendor wants me liable to the damages/fire event Vacant Possession / strata haven't transfer to me, meanwhile I will still need to proceed to purchasing the property. Moreover, agent nor vendor is not informing or stating this when I sign the booking form. Agent is trying to convince me accepting the removal of the clauses but I would like to follow the standardized SPA.
What I can do if I insist follow the standard SPA? If vendor and me cannot agree to each other, can I received the full refund to my 3% deposit without any dispute?
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