Mar 28, 2010
#2: Flat repossessed
A man sublet his entire three-room flat without the HDB's approval while living with his family in Batam.
When the HDB found out, it told him to evict his tenants immediately and resume living in his flat.
But he sublet the flat to another group of tenants.
His offence was first uncovered when he failed to pay his mortgage arrears.
No one answered the door when the HDB branch office representative turned up, but the tenant responded to a card left behind.
The HDB found out from the tenant that the flat was sublet to him and his two classmates. The tenant also produced a copy of the tenancy agreement signed with the owner.
HDB's investigations revealed that the owner had bought the flat in 2005 with a CPF housing grant, and had sublet the flat without its approval.
As he did not resume living in the flat and even sublet the flat to another group of tenants, the HDB compulsorily acquired his flat.
Subscribe to:
Post Comments (Atom)
Pre-development Land Investing
In business for over 30 years, success in providing real estate investment opportunities to clients around the world is a simple, yet effective separation of roles and responsibilites. The four pillars of strength guide the land from the research and acquisition, through to the exit, including the distribution of proceeds to our clients ......
To know more how this is really work for you and your clients....
Please contact me Terence Tay @ (+65) 9387-5896 or email : terencetay.kh@gmail.com
To know more how this is really work for you and your clients....
Please contact me Terence Tay @ (+65) 9387-5896 or email : terencetay.kh@gmail.com
No comments:
Post a Comment