Purchasing Property: Difference between revisions
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Created page with "== Important Considerations == === In DB, there are some important things to consider when buying a flat: === * Each flat in DB has a club membership attached to it and the owner should have applied to transfer themselves upon purchasing the flat. The club makes adjustment to this cost from time to time<ref>Transfer of DBRC Resident Membership https://www.dbrc.hk/pdf-forms-d0ab94c3ea58504f50be5723c8d6d500.pdf</ref>. If this was not done, the new owner will be on the..." |
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=== In DB, there are some important things to consider when buying a flat: === | === In DB, there are some important things to consider when buying a flat: === | ||
* Each flat in DB has a club membership attached to it and the owner should have applied to transfer themselves upon purchasing the flat. The club makes adjustment to this cost from time to time<ref>Transfer of DBRC Resident Membership https://www.dbrc.hk/pdf-forms-d0ab94c3ea58504f50be5723c8d6d500.pdf</ref>. If this was not done, the new owner will be on the hook to pay the transfer fee(s) of the previous owner(s) if they had neglected it and at the current rate! | * Each flat in DB has a club membership attached to it and the owner should have applied to transfer themselves upon purchasing the flat. The club makes adjustment to this cost from time to time<ref>Transfer of DBRC Resident Membership https://www.dbrc.hk/pdf-forms-d0ab94c3ea58504f50be5723c8d6d500.pdf</ref>. If this was not done, the new owner will be on the hook to pay the transfer fee(s) of the previous owner(s) if they had neglected it and at the current rate, not the rate when the previous owner got the flat! | ||
[[Category:Buying and Selling Property]] | [[Category:Buying and Selling Property]] | ||
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Revision as of 16:41, 11 October 2024
Important Considerations
In DB, there are some important things to consider when buying a flat:
- Each flat in DB has a club membership attached to it and the owner should have applied to transfer themselves upon purchasing the flat. The club makes adjustment to this cost from time to time[1]. If this was not done, the new owner will be on the hook to pay the transfer fee(s) of the previous owner(s) if they had neglected it and at the current rate, not the rate when the previous owner got the flat!
- ↑ Transfer of DBRC Resident Membership https://www.dbrc.hk/pdf-forms-d0ab94c3ea58504f50be5723c8d6d500.pdf