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Hi Mindmaster, I have sent a PM to you, need your advise about the professional that you engaged. Please advise. Thanks a lot, Senji

Hi RPI, My solicitor has advised the same. But I have managed to negotiate some free stuff from the seller. So it is not completely bad to me. Anyway it is a good lesson learnt.

Sorry for the multiple post, there was some time out issue in somersoft, so I tried to re-post again and again last night. Thanks all for help and appreciated the replies. I have to check whether my solicitor has arranged the survey. Not sure I have interpreted correctly, based on the...

Hi All, Extracted from REIQ "Term if contract" which attached with the contract as following, I am not sure whether this will help and also confuse about immaterial and material error "7.5 Survey and Mistake (1) The buyer must survey the land (2) If there is: (a) An error in the...

Hi All, Extracted from REIQ "Term if contract" which attached with the contract as following, I am not sure whether this will help, and also confuse about immaterial and material error "7.5 Survey and Mistake (1) The buyer must survey the land (2) If there is: (a) An error in the...

Hi Terry, There is not any practical consequences of the reduction. But I don't think it is fair because now what I get is less than what I pay for. What if the reduction is much more than that, say 50m2, how minor is consider minor? Hi All, Extracted from REIQ "Term if contract"...

Hi OCI, Does it mean I am not able to request for compensation too?

Hi RPI, I found the following clause in the contract, could I know how does this clause affect my case? "The buyer may not delay the settlement, make any objection or requisition or claim compensation or damages arising from and agrees to accept the Land subject to: (a) any minor...

Hi RPI, Thanks a lot for the advice. I will try to find the clause in the contract.

Hi PT_Bear, Of cuase I don't know the discrepancy upfront. I think it would affect my decision to purchase / the price offered because with the reduced land size it becomes one of the smallest lot in the estate. I might purchase other lot or look for another estate instead if I know the...

Thanks for the quick reply, Aaron.

Hi All, I just about to settle the land portion of my first OTP (house and land) IP. The IP is located in QLD. Only 1 week before settlement, I found that the land size in actual plan sent by my solicitor is less than the land size in purchase contract for about 4 m2. I am still checking this...

Hi Terry, For CBA case, my understanding is, I am only allow to redraw by transferring the fund to smart access account which is a transactional saving account, then issue cheque from there. Based on your eplaination above it might cause problem in term of tax deductible? If yes what do you...