| Forced to pay ridiculous amount -
19-05-2007, 04:14 PM
SSC is back, thank goodness!
I've been dying for an opinion on this from owners. I bought a resell before the summer. Waited a while for the contract to be finalized. Got it in the end, but wanted a few revisions, so sent it back. The revised one has just come back with several added pages, one of which had this clause:
"The buyer warrants to pay the amount towards the Initial Corpus Fund at the rate of AED 50/- per square foot of the saleable area payable to the Goldcrest Views Owners Association at time of handing over."
Is anybody else in my boat? If I'm forced to pay this ridiculous amount (probably to fund the apartment prize in the Gulf News!), I 'll have to forget owning it at time of handover. |