Also known as Agreement to Purchase/Option Form/Booking Form, which entered between the Owner of the property and the Intended Purchaser when the Intended Purchaser decided to purchase the Property. The Owner, ie the Vendor grants the Purchaser an option to purchase the property based on the terms and conditions in the OTP, in return of…
Planning to purchase your dream home? Scrutinise the land search report before paying your hard-earned money First, what is a land search report? A land search report is a report issued by the relevant land registry or land office which offers you important information of a particular land. To avoid falling into any property scams…
Sarawak: What should you do when your original individual/strata title lost? TAKE NOTE that ownership of an immovable property is evidenced by having one’s name registered on the individual/strata title (provided that the same has been issued by the relevant authorities). If you lost your original individual/strata title of your immovable property in Sarawak, you…
Projects Are Delayed or Abandoned Buying houses can be a nightmare especially when the developer delays in delivering vacant possession to the purchasers. This happens more often than not when unwary purchasers fell into the trap of rapacious and unscrupulous developers by paying a substantial amount to their developers as deposits or booking fees or…
Introduction Persons interested in a land are often being caught unaware of their rights when their lands are being earmarked for acquisition. In this piece, we will try to simplify the relevant issues and the process of land acquisition for easier dissemination of information. What is Compulsory Land Acquisition? Simply put, the government wants to…
The 2019 Real Property Gains Tax rates are a significant factor for consideration to anyone who owns a property and intends to profit from its sale The Real Property Gains Tax (“RPGT”) in Malaysia is definitely not a new subject for property owners – veteran investors especially. First introduced in 1995, the latest iteration of…
Have you ever wondered how long it takes for sale and purchase agreements to be completed? Does it frustrate you in situations where delays cost you late payment interests as a Purchaser? Before purchasing a property, you need to consider the time frames involved in the sale and purchase agreements in order for you to plan accordingly for payments and take vacant possession of the property.
Tenancy can no doubt generate a passive income for you. However, a bad tenant may turn your property investment into a nightmare. If a tenant refuses to pay rent but continues to stay on the premises, what can you as a landlord do?
For first time home buyers, there is nothing more confusing than to sign up for your first housing loan. After your housing loan application has been approved by the bank of your choice and before proceeding to the signing of the Loan Agreement, the bank will issue a letter of offer. This, as a basic…
Malaysia follows the system of registration of title and hence the title is everything. This means that legality of the property and the legality of the vendor is spelt out in the title itself. The first thing a purchaser should do in acquiring a property is to conduct a land search or engage a lawyer to conduct…
