{"id":123782,"date":"2021-12-13T14:00:03","date_gmt":"2021-12-13T07:00:03","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/incorrect-details-from-estate-agent-led-to-two-buyers-pulling-out-what-should-i-do\/"},"modified":"2021-12-13T14:12:47","modified_gmt":"2021-12-13T07:12:47","slug":"incorrect-details-from-estate-agent-led-to-two-buyers-pulling-out-what-should-i-do","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/incorrect-details-from-estate-agent-led-to-two-buyers-pulling-out-what-should-i-do\/","title":{"rendered":"Incorrect details from estate agent led to two buyers pulling out. What should I do?"},"content":{"rendered":"


\nThe flat has 85 years remaining on the lease but buyers were told it was 100 yearsQ I have been trying to sell my leasehold flat in Portsmouth but I\u2019ve had two buyers pull out because the estate agent has told them incorrect information about the lease. The flat has 85 years remaining on the lease, so it\u2019s getting towards the point where any buyer would reasonably think about a lease extension. The agent has been telling them that the lease has 100 years on it. When the buyers found out the correct information from their solicitors they both pulled out of the purchase. I assumed the first time that it was simply a miscommunication, so I made a point of checking with the agent that the second buyer had the correct information. The agent assured me that the buyer knew the facts but that wasn\u2019t true either. Is there anything I can do about their repeated lack of truthfulness causing sales to collapse?TCA There are two things that you can do. First, you can make a formal complaint about your agent, using the estate agent\u2019s in-house complaints\u2019 procedure, which, under the Code of Practice for Residential Estate Agents, you must be made aware of. Second, you can \u2013 and should \u2013 change agents. From what you say, it appears that your current agent is not only not complying with the industry code of practice but he or she is also breaking the law. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Incorrect details from estate agent led to two buyers pulling out. What should I do?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The flat has 85 years remaining on the lease but buyers were told it was...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-123782","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-wcu","jetpack-related-posts":[{"id":6502,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-property-buyers-feel-cheated-over-tenancy-extension-clause\/","url_meta":{"origin":123782,"position":0},"title":"Abu Dhabi property buyers 'feel cheated' over tenancy extension clause","date":"March 2, 2016","format":false,"excerpt":"\r \r ABU DHABI \/\/ A group of property buyers say they are struggling financially after they bought flats in Al Reef Downtown without knowing that the existing tenant can stay at current rent rates until 2019.The buyers said they were sold apartments in three Al Reef buildings between 2014\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123591,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-agent-fined-5000-for-holding-transaction-monies\/","url_meta":{"origin":123782,"position":1},"title":"Property agent fined $5,000 for holding transaction monies","date":"December 3, 2021","format":false,"excerpt":"\r The PropNex Realty property agent, Charles Tan Chun Peng, was fined $5,000 for holding $32,300 of developer transaction monies. A property agent was fined $5,000 on Wednesday (1 December) for holding transaction monies on behalf of a developer for the acquisition of a condominium unit. This comes after Charles\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/law-house-hammer.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":105625,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homeowners-caught-in-a-crippling-ground-rent-trap\/","url_meta":{"origin":123782,"position":2},"title":"Homeowners caught in a crippling ground rent trap","date":"March 31, 2019","format":false,"excerpt":"\r A clause in their lease doubled the bill every 15 years, meaning mortgage lenders steered clearSahar Nejabati planned to sell her flat before she got married in order to buy somewhere more spacious to raise a family: but buyers would not touch it because of a clause in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104371,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/most-buyers-of-2-room-flexi-flats-are-seniors\/","url_meta":{"origin":123782,"position":3},"title":"Most buyers of 2-room flexi flats are seniors","date":"February 25, 2019","format":false,"excerpt":"\r Buyers can look out for a new batch of 2-room flexi flats launching in Tengah, Woodlands and Kallang\/Whampoa in May. Since 2-room flexi flats were introduced in November 2015, 16,169 units have been taken-up to date. Of this, 54 percent were purchased by those aged 55 and above, according\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106993,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-rules-on-cpf-usage-how-will-this-affect-homebuyers\/","url_meta":{"origin":123782,"position":4},"title":"New Rules On CPF Usage \u2013 How Will This Affect Homebuyers?\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0","date":"May 10, 2019","format":false,"excerpt":"\r Singaporeans will now have more flexibility in using their Central Provident Fund (CPF) when purchasing older properties. From Friday (May 10), home buyers will be able to draw more from their CPF to buy ageing flats, provided that the property\u2019s remaining lease covers the youngest buyer until the age\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113165,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/observers-say-hdb-lease-top-up-proposal-has-long-term-drawbacks\/","url_meta":{"origin":123782,"position":5},"title":"Observers say HDB lease top-up proposal has long-term drawbacks","date":"December 18, 2019","format":false,"excerpt":"\r This policy must run in perpetuity as issues may arise if it is ever shelved, says one observer. A one-time automatic lease to-up for old HDB flats might address the problem of their declining value once their leases expire, but it will bring long-term drawbacks, say observers, reported The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123782"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=123782"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123782\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=123782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=123782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=123782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}