Re : Exercise Option to purchase - 4% pay to who?

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cath7888
Silver Forum Contributor
Posts: 39
Joined: Wed Mar 03, 2010 2:41 pm

Re : Exercise Option to purchase - 4% pay to who?

Post by cath7888 »

Hi Dennis,

If i buy a pte hse, when given 14 days to exercise option to purchae,

the 4% is make payable to owner or lawyer (let lawyer handle the case

for me). Is it make payable to owner and pass the cheque to

lawyer let lawyer be a witness help me hand over the cheque to owner?

Hope u clear the doubt for me. Thank you !

Best Regards
Cath :roll:
Stradlinz
Investing Mentor
Posts: 227
Joined: Thu Oct 08, 2009 2:12 pm

Re: Re : Exercise Option to purchase - 4% pay to who?

Post by Stradlinz »

cath7888 wrote:Hi Dennis,

If i buy a pte hse, when given 14 days to exercise option to purchae,

the 4% is make payable to owner or lawyer (let lawyer handle the case

for me). Is it make payable to owner and pass the cheque to

lawyer let lawyer be a witness help me hand over the cheque to owner?

Hope u clear the doubt for me. Thank you !

Best Regards
Cath :roll:
Hi Cath.. the 4% cheque should be made payable to SELLER's lawyer, and you should pass the cheque to your own lawyer.. Then both lawyers will liase among themselves..
Dennis Ng
Site Admin
Posts: 9781
Joined: Tue Nov 29, 2005 7:16 am
Location: Singapore
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Re: Re : Exercise Option to purchase - 4% pay to who?

Post by Dennis Ng »

Stradlinz wrote:
cath7888 wrote:Hi Dennis,

If i buy a pte hse, when given 14 days to exercise option to purchae,

the 4% is make payable to owner or lawyer (let lawyer handle the case

for me). Is it make payable to owner and pass the cheque to

lawyer let lawyer be a witness help me hand over the cheque to owner?

Hope u clear the doubt for me. Thank you !

Best Regards
Cath :roll:
Hi Cath.. the 4% cheque should be made payable to SELLER's lawyer, and you should pass the cheque to your own lawyer.. Then both lawyers will liase among themselves..
yes, correct, thanks Stradinz for sharing.
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
cath7888
Silver Forum Contributor
Posts: 39
Joined: Wed Mar 03, 2010 2:41 pm

Post by cath7888 »

Stradlinz & Dennis,

Thank you very much !

Cath
:lol:
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