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  • Profile photo of chengcheng
    Participant
    @cheng
    Join Date: 2009
    Post Count: 5
    July 6, 2011 - 9:13 am

    Dear Wisepearl and Sez
    Thanks for your advice.

    I called the council regarding this.DA officer said it will be definitely a boarding house.However.this property is registered as House. DA would be needed to this property. I am not sure how the current owner operates this IP.

    You are right the normal home insurance will not cover this at all. 

    When I told these issues to the agent, he mentions that he is selling the house not a boarding house amd I should understand the value of this IP that he is offering. The other 5 potential buyers do not concern with this issue at all. I am not what he implied on this.

    Is there any other way to avoind these issues?

    Profile photo of chengcheng
    Participant
    @cheng
    Join Date: 2009
    Post Count: 5
    July 3, 2011 - 12:48 am

    Many thanks for your advice.

    Profile photo of chengcheng
    Participant
    @cheng
    Join Date: 2009
    Post Count: 5
    June 29, 2011 - 10:53 am

    Dear All
    Many thanks for youradvice. I do not realise that the insurance is quite expensive. I will ask the vendor these questions.

Viewing 3 posts - 1 through 3 (of 3 total)