Overseas Property News News Overseas Property Forum Forums Overseas Property Blog Blogs Overseas Property News Sales Terms & Conditions Acceptable Use Policy
Take Down Policy Privacy Policy Contact Us
Property in Australia Australia Property in Bulgaria Bulgaria Property in Brazil Brazil Caribbean Property Caribbean Property in Cyprus Cyprus Property in Dubai Dubai Property in Egypt Egypt Property in France France
Property in Germany Germany Property in Morocco Morocco Property in Portugal Portugal Property in Spain Spain Property in Turkey Turkey UK Property UK US Property US Property in the UAE UAE

Go Back   Overseas Property Investment Forum > Property Investment > Buying overseas property > Buy-to-let property

Buy-to-let property Advice and guidance on how to invest in buy-to-let property locally and overseas. Chat to investors who have profited from buy-to-let property investments and get advice and tips on how you can get started on the buy-to-let ladder

Guest View - Limited Access Only
Register Free Today

Assume to your detriment

Reply
 
Thread Tools
  #1  
Old 23-05-2008, 04:42 PM
Senior Member
 
Join Date: Oct 2007
Posts: 199
Default Assume to your detriment

An old man who used to live beside me shared some words of wisdom with me once and I never forgot them.


Never assume son, if you break the word down you get 3 words and in the process you make an ass of u and an ass of me


Ass-u-me


An exmple of this is a clause shown to me today.


As long as the utilities are not provided in definitive form on the handing-over date, .................................... will provide temporary solutions, which cost will be supported by the beneficiary.”


Therefore to put it in laymans terms, you will not have direct access to the sewage sytem and will have to pay for the manual removal of all sewage from the property and subsequent connection to main sewage should this ever become a possibility and at what ever cost.


Does the ordinary 5'8'' when buying property assume anything other than when he flushes the toilet that he will not have to go later and have it taken away, or pay another a tidy sum for removing his ..................?



Stop thinking things will be as they should and clarify they are as you expect, otherwise you are accepting much less than you expect.

Assume nothing other than the person you are buying of has a beneficial interest in you makig a purchase. If you have already bought do a damage limitations and please do not think this is applicable to only Romania, we did not have these problems in Romania before the arrival of the foreign sharks. Blame your own not the Romanian or other nationality for mistakes made.


I would endorse anyone who is closing on any property to seek professional help before paying any further money regrdless what country you are buying in.


David Howe

Investment Romania - Property Romania, Invest Romania, Investment Romania
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #2  
Old 06-08-2008, 01:11 PM
Senior Member
 
Join Date: Jul 2008
Posts: 68
Default

I assume (yes, I know that's a bad idea!) that this was a Romanian property? Is that a common situation, with the sewage?

I agree that's a nasty clause to miss, but surely if you're buying a property you read ALL the fine print, several times, then get someone else to check it over to make sure you didn't miss anything.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #3  
Old 06-08-2008, 01:35 PM
Senior Member
 
Join Date: Oct 2007
Posts: 199
Default

Quote:
Originally Posted by jessicatam View Post
I assume (yes, I know that's a bad idea!) that this was a Romanian property? Is that a common situation, with the sewage?

I agree that's a nasty clause to miss, but surely if you're buying a property you read ALL the fine print, several times, then get someone else to check it over to make sure you didn't miss anything.
The problems I speak of are not just applicable to Romania and if anything more applicable to foreign agents selling.

As for these clauses the UK?Irish agents convince a power of attorney from the buyer and after that it is good look to the buyer.

David Howe LLB. LLM

INVESTMENT ROMANIA - Investment in Romanaia, Property management, Due diligence, Renting in Romania
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Sponsored Links
  #4  
Old 06-08-2008, 09:39 PM
Senior Member
 
Join Date: Jul 2008
Posts: 127
Default

got a spellcheck......good luck
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #5  
Old 27-08-2008, 05:15 AM
Active Member
 
Join Date: Aug 2008
Posts: 10
Default

Ummm. Why don't you ask some of the investors you have worked with in the past?
This is a LEGAL forum--and it has nothing to do with finance or investments.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #6  
Old 19-11-2008, 03:05 PM
Active Member
 
Join Date: Jul 2008
Posts: 5
Default Small world

Quote:
Originally Posted by David howe View Post
An old man who used to live beside me shared some words of wisdom with me once and I never forgot them.


Never assume son, if you break the word down you get 3 words and in the process you make an ass of u and an ass of me


Ass-u-me


An exmple of this is a clause shown to me today.


As long as the utilities are not provided in definitive form on the handing-over date, .................................... will provide temporary solutions, which cost will be supported by the beneficiary.”


Therefore to put it in laymans terms, you will not have direct access to the sewage sytem and will have to pay for the manual removal of all sewage from the property and subsequent connection to main sewage should this ever become a possibility and at what ever cost.


Does the ordinary 5'8'' when buying property assume anything other than when he flushes the toilet that he will not have to go later and have it taken away, or pay another a tidy sum for removing his ..................?



Stop thinking things will be as they should and clarify they are as you expect, otherwise you are accepting much less than you expect.

Assume nothing other than the person you are buying of has a beneficial interest in you makig a purchase. If you have already bought do a damage limitations and please do not think this is applicable to only Romania, we did not have these problems in Romania before the arrival of the foreign sharks. Blame your own not the Romanian or other nationality for mistakes made.


I would endorse anyone who is closing on any property to seek professional help before paying any further money regrdless what country you are buying in.


David Howe

Investment Romania - Property Romania, Invest Romania, Investment Romania
Isn't it a small world? If I am not mistaken, you used to have a car wash business at your folks house in Ireland, before you got into property? Was this neighbour a gent called Morris?

Do you still do full Valets?

Bob (Kilkenny)
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #7  
Old 20-11-2008, 05:30 AM
Senior Member
 
Join Date: Oct 2007
Posts: 199
Default

Quote:
Originally Posted by BulgarianBob View Post
Isn't it a small world? If I am not mistaken, you used to have a car wash business at your folks house in Ireland, before you got into property? Was this neighbour a gent called Morris?

Do you still do full Valets?

Bob (Kilkenny)

I think you have the wrong person and county Bob. Saying Kilkenny I would say you are in excess of a 100 miles not to metion previous career. Perhaps you could check your facts before you try to make derogitory comments about anyones professional capacity


David Howe LLB. LLM

INVESTMENT ROMANIA - Investment in Romanaia, Property management, Due diligence, Renting in Romania
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote

Reply

Bookmarks

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
'Snag List' David howe Romania property 6 18-07-2008 11:53 PM
Assume to your detriment David howe Romania property 0 23-05-2008 04:18 PM

LEGAL NOTICE
By using this Website, you agree to abide by our Terms and Conditions (the "Terms"). This notice does not replace our Terms, which you must read in full as they contain important information. You must not post any defamatory, unlawful or undesirable content, or any content copied from a third party, on the Website. You must not copy material from the Website except in accordance with the Terms. This Website gives users an opportunity to share information only and is not intended to contain any advice which you should rely upon. It does not replace the need to take professional or other advice. We have no liability to you or any other person in respect of any content on this Website.
FORUM PARTNERS
Property Community is owned and operated by the MoveForward.com Limited group. You can find out more about us here. We also run the Expat Forum, an ideal community for people moving overseas and looking for jobs overseas.


Latest Active Threads

All times are GMT +1. The time now is 06:18 PM.

SearchSearch the site

Premium Account Benefits
Premium Member Benefits
Cheap International Calls
Currency Exchange Tools

Sub Forums:

Brazil Property ForumBrazil Property
Bulgaria Property ForumBulgaria Property
Dubai Property ForumCyprus Property
Dubai Property Forum
Dubai Property
Egypt Property ForumEgypt Property
French Property ForumFrench Property
German Property ForumGerman Property
Greek Property ForumGreek Property
Morocco Property ForumMorocco Property
Portugal Property ForumPortugal Property
Spanish Property ForumSpanish Property
Turkey Property ForumTurkey Property
UK Property ForumUK Property

Premium SubscriptionList Your Properties With a Premium Membership

Property News
Property Forum
Property Blog
Property For Sale
Entrepreneurs Network


Powered by vBulletin® Version 3.8.1
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.2.0