Quote:
Originally Posted by Mark .Y.
Whilst your last paragraph may or may not be correct Nigel, do I understand from your first that you are suggesting people who buy property abroad (or in the UK) should be happy to do so without a contract ?
Regards,
Mark .Y.
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NO WAY.
I am trying to say that, regradless of country, or the type of "contract" whenever anyone feels that a written contract is needed there is an implied level of mistrust, otherwise why make it legally binding.
I do not need to a written contract with a member of my family but I probably will with anyone else, if the potential risk of being misunderstood is high, or the potential loss is more than I would wish to carry if the verbal contract is not completed. This is simple common sense in OUR WORLD, it is not the case in other countries.
I suspect that most contracts in Egypt are still only verbal which may have something to do with the different views on the way the legal system is used.
For something as significant as buying a property, which NEEDS the legal system to be involved there is no choice.
My point about TRUST, is all about the confidence that you have, as a buyer, that the terms of the written contract will actually be complied with.
This works both ways since there are obligatons on the buyer, for example to make payments by set dates.
My comments have nothing to do with being a developer, they are simple COMMON SENSE.
I do not expect my owners to simply HOPE that I observe the contract, I expect them to make a personal judgement abot me as the person with whom they ae dealing. This is also a two way street and is the best way to a successful relationship.
There can be problems on one side or the other however ONLY as a last resort, after a disagreent should you need to go to court, where in many cases there is much time and expense with little reward.
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