https://www.propertyinvesting.com/members/purigading/activity/ Activity feed for purigading. Sun, 12 Apr 2026 03:34:15 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 a697964b1dae7ed15b3bb3f8f93c986c https://www.propertyinvesting.com/topic/4394205-claims-for-penalty-payment-after-settlement/#post-4592736 Mon, 15 Sep 2008 03:38:49 +0000 BTW,  I checked how the amount claimed was calculated. The sale was $1,050,000 and according to the Plaintiff (buyer) general condition No 4 of the contract allows penalty of 9%  for late settlement which he calculated at 366 divided by 6 days which gives a claim of $1549.20. Not sure why he used 366 days not 365.I note previous advice that this o…[Read more]

]]> 29d986b82c31b6828c7c3a8213ac3560 https://www.propertyinvesting.com/topic/4394205-claims-for-penalty-payment-after-settlement/#post-4592735 Sun, 14 Sep 2008 23:53:10 +0000 Thank you, I am working out how the actual amount claimed was arrived at, but I was of the view that once settlement has been made, there is no recourse to claiming penalty interest, as you have also confirmed.  But some say to me that there is still some options for the buyer to claim general damages – not sure on that.

]]> 93709f3f30214a73d0b33137f56550d1 https://www.propertyinvesting.com/topic/4394205-claims-for-penalty-payment-after-settlement/#post-4592733 Sat, 13 Sep 2008 06:57:17 +0000 As stated in my original post, the buyer wanted the kitchen renovators access on the 12th May, 08 – this I agreed with buyer and then in turn agreed to amend settlement date to 13th May from 7th May on that condition i.e. access by kitchen renovator.But when they subsequently learned from my agent that access did not mean that any structural work…[Read more]

]]> b785b80a31ad3e81a72649e6d887c281 https://www.propertyinvesting.com/topic/4394205-claims-for-penalty-payment-after-settlement/#post-4592730 Fri, 12 Sep 2008 05:08:52 +0000 The claim is for $1500 so it is worth defending.

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