A Minority Owner's chronicled journey through 3 Collective Sale attempts; the last one being successful. TC was a 560 ex-HUDC estate with a thriving community spirit (up until the enblocs that is). I have moved on to a new, 37 unit Freehold estate. Life is quiet now with zero community feeling.
Me too. They have appointed a lawyer who says they will not collect a fee at signing but when 80% has been reached....... Eldan Law will not be charging any legal fees for the signing of the CSA. Legal fees will only be charged upon a successful sale. However, a fee of about $200 per household needs to be paid once 80% of the SPs sign the CSA.
If so, then they can only collect from the 80% signatories to the sale. The remaining 20% need not pay anything until the sale is finalised and the fees taken from their sale proceeds.
Larry20 March, 2016 (reposted from EOGM 1)
ReplyDeleteMe too. They have appointed a lawyer who says they will not collect a fee at signing but when 80% has been reached.......
Eldan Law will not be charging any legal fees for the signing of the CSA. Legal fees will only be charged upon a successful sale. However, a fee of about $200 per household needs to be paid once 80% of the SPs sign the CSA.
If so, then they can only collect from the 80% signatories to the sale. The remaining 20% need not pay anything until the sale is finalised and the fees taken from their sale proceeds.
ReplyDeleteIt's pretty much a waste of time. With market sentiments so weak, chances of a sale are very very slim. Normanton Park and Shunfu had no takers.
ReplyDelete