Permission to Purchase

scoobydoo


Joined: 10/11/2008
Posts: 2434

Message Posted:
23/07/2010 14:46

Does anyone know, that once granted, does PTP have an expiry time limit or does it just sit and wait in the government offices until we start the process rolling for getting our title deeds?

Molly


Joined: 30/08/2008
Posts: 299

Message Posted:
23/07/2010 14:53

There is no time limit providing you eventually get it. However, I believe there is if you had to resort to suing your Vendor - I thinks it's 5 years from when your PTP was granted.

keithcaley



Joined: 13/06/2008
Posts: 2521

Message Posted:
23/07/2010 15:31

Molly,

Does the 'Specific Performance Law' come into this at all?

I thought that it did, but can't remember now...

keithcaley



Joined: 13/06/2008
Posts: 2521

Message Posted:
23/07/2010 15:37

Actually, I just spotted Ismet's piece on the 'SPL' on another thread, but I'm none the wiser!

honestie


Joined: 22/02/2009
Posts: 468

Message Posted:
23/07/2010 15:45

having read SPL I could nt see any mention of PTP it just seemed to mention certain things in relation to the contract being registered etc etc. but just a question why would it matter just playing devils advocate.

keithcaley



Joined: 13/06/2008
Posts: 2521

Message Posted:
23/07/2010 15:54

Hi Jacqie,

I had a feeling that the SPL limited your right to sue the builder for a 'breech of contract' - for failing to perform a task, such as failing to parcelise the land, and transfer deeds as specified in the contract. The limitation being time - something like one month from the date that the contract was signed. This would be patently ridiculous, given that people wait YEARS for PTP. (Fine for TC's, of course).

I believe that Ismet once argued that as the builder would be unable to transfer deeds until PTP was granted, the 'clock' should start running from that moment, but the head of BARO disagreed. I don't know if this was ever tested in court...

And I MAY just be totally confused!

Molly


Joined: 30/08/2008
Posts: 299

Message Posted:
23/07/2010 15:56

The SP law is of no use to foreign purchasers because of the length of time to obtain PTP

honestie


Joined: 22/02/2009
Posts: 468

Message Posted:
23/07/2010 15:59

Yep I agree confusing as read about the time limits which would be impossible to adhere to but at the moment am in legal proceedinds and nthink this is being tested so will keep you informed



Noone can possibily start proceedings within the time limits mentioned!



By the way Keith do you know iIm Jackie Johns friend

keithcaley



Joined: 13/06/2008
Posts: 2521

Message Posted:
23/07/2010 18:22

Yus, I sussed that one out Hossifer!

honestie


Joined: 22/02/2009
Posts: 468

Message Posted:
23/07/2010 18:33

Keith

its not true what they say then you are clever. !!!



im going through the procedure at the moment and talk about confusing. Think my solicitor must be sick of me but its the only way to get things done as Im sure you know.

let me know if you find anything further..



jackie