2 Answers

Hi Combe

Takeover refers to assignment. It refers that you will takeover all fittings discussed at a rate (Takeover fee) and committed to accept the terms of the lease with the owners.

You do not own the premise and is subjected to the rental with the owner.

Takeover fee varies and is negotiable. Most business people won't mind giving a reasonable takeover fee to secure the unit of their choice especially in the case of a HDB units or units that need to go through tender process.

Best Regards

Ethan Ang
C&H Properties Pte Ltd
 9769 0125 
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