Stakeholder clause PDF Print E-mail
Real Estate Self Help - Role of a Lawyer in Property Transactions

Stakeholder Clause 

My buyer's lawyer requested for my lawyer to hold a part of my sale proceeds as stakeholder after completing the sale transaction of my property. Should I agree to this? Why?

This request from your buyer's lawyer is fairly common because you are liable to pay for all property tax up to the very day of the sale completion. To ensure that your buyer doesn't end up paying your property tax for you, you should agree to the request.

 
Next >
[ Back ]
 EastLiving is the leading Singapore Real Estate and Property website for East Coast homes. Whether you are an investor, buying for your own stay, or looking for a place to rent, your property search starts and ends here. At EastLiving, we provide hundreds of Singapore East Coast properties for sale and rent with detailed information on each property, including maps and photos. We aspire to provide the most up to date and comprehensive data in the market - the most popular condominiums, apartments, HDB flats, bungalows, terraces and semi-detached houses. Contact our EastLiving Consultants for other property enquiries.
Copyright © 2008 EASTLIVING All Rights Reserved.