LEGAL TERMS IN SALES & PURCHASE
AGREEMENT
RESTRICTION IN INTEREST
This means the Teh Property cannot be sold without the approval of relevant authorities
LOCK-IN PERIOD
This pertains in our housing plan. This is the period during which you are not allowed to fully pay the mortgage.
LATE PAYMENT FEES
In resale transaction that has been delayed due to late payment, the buyer will need to pay a daily penalty.