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Condo Questions

Asked by Ck 27 Mar 2012

Owner has cashed the cheque for agreement to sell his condo. Subsequently changed his mind and do not wish to sell. Can I demand compensation

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Mike Lim · Answer 1 · 2012-03-27T21:34:35+08:00

Mike Lim

Replied 27 Mar 2012

Evening CK,

I'm sure you are aware of the procedure prior being DIY buyer. You only offer the 1% cheque for Option upon agreement of transacting price. Hence you should have received the Option from him where you are suppose to exercise within the Option period.

With the necessary, you can easily demand for specific performance.

FYI
Mike Lim
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