Quote:
Originally Posted by dave99
Why do you need a solicitor for contract.
The terms should be clear and if you need a legal person to "interpret" then this is not a good start.
Key things are the penalties on you for cancellation / late payment, and the reverse if the building is not ready on time, plus a list of what is included in what you are buying , plus a payment schedule.
PM me if you need an informed view of the contract before paying for a lawyer.
Have you asked if the seller he will allow any contract changes yet. If not then wahtever your lawyer tells you is a bit pointless (having spent the money to find out).
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I cant agree with you there Dave. The significant part of the contract is the Arabic version. We recommend an Egyptian solicitor to our clients who is hell on wheels with developers contracts. On quite a few occasions we have had the private purchase contract redone because the developers terms were not in accordance with Egyptian law. He hasnt yet come across any differences between the Arabic and the English translation but I am far more comfortable knowing he reads both and checks.
In general terms I cant see recommending not using a solicitor to check a private purchase contract which commits you to paying a large amount of money now and a large amount in the future as being a sensible thing.
I have no axe to grind about this. In fact, as a real estate marketing group, solicitors have very often made our job difficult with detail but if you get it right at the start then the solicitor can only be an aid to the client.
Cheers
Rick