Yours, Mine and Ours- A Tale of Indefeasibility Owning a piece of property does not necessarily guarantee that you’re the only person holding ‘title’ to it. Real estate fraud, or scams in real estate, are a real threat in recent times, what with the development of case law illustrating the severity of this legal pandemic….
The Perfection of Transfer (POT) and Perfection of Charge (POC) are both essential dealings in transferring ownership of a property. In most case scenarios, when a person buying an under-construction property from a developer, the property is still under Master Title. More often than not, the Master title denotes to a bigger piece of land,…
The Definitive Guide to MOT Procedures In Sarawak Before presenting the Memorandum of Transfer (MOT) for registration purpose at the Land and Survey Department, Sarawak, we must ensure that we follow the required procedure. Procedure: Preparation of complete MOT Prepare one (1) original copy and two (2) duplicate copies of the MOT Make sure that…
房屋买卖协议 ， 订购前需要了解的法律知识。 买房买卖是人生中最重要的投资之一。在做出如此重大的决定之前，您应该了解如何保护您的权利以及您的责任是什么。 房屋买卖协议 概述了买卖双方同意的条款和条件。它包括：价格、日期和签署日期、拥有日期、交易成本等。该协议还包括一项条款，规定如果任何一方违约，他们将承担某些处罚。 房产的种类包括： 受Housing Development Act (HDA) 1966保护的房产及； 商业房产 Commercial Property (不受HDA 1966保护)。 当签了 房屋买卖协议 Sale and Purchase Agreement (SPA)，终于可以拿房子的时候，须知道入伙纸Certificate of Fitness For Occupation (CF)和完工及合格证书Certificate of Completion and Compliance (CCC) 。 CCC于2007年4月取代了CF。 此证书对屋主而言是非常重要的，是官方确认该建筑符合其建造目的的证书。 主要是评估房子住户的安全和房子是否处于宜居。 针对建筑物的建造，设计和施工方面上做出详细的监督和审查，确保三方都是依据所规定的国家标准。 当屋主接获领钥匙通知信的时候： 一般上，在领钥匙的时候发展商负责人都会给屋主一张签收纸，要求屋主签名做实。 在签署前，切记要把文件仔细阅读清楚，确保检查完了屋子的各个角落才签名。 检查屋子和所签署的SPA是否吻合 其中包括：确保固定装置已安装完善与能否正常操作，查水龙头和沐浴器是否已连接，确保排水管道，厕所以及屋子的各个角落没有漏水的问题。当然，也建议屋主检查每一副墙壁、看看地板与天花板，每一扇门和窗户是否有留下任何明显的缺陷。 常见的缺陷：窗口开关不完善，墙壁有明显凹凸不平/空鼓/裂缝，墙壁可有空心砖窗框/屋顶渗水，浴室厕所排污管/下水道阻塞，水泥板/地面瓷砖爆裂。 其中也要进一步确定： (1) 发展商是否已取得CCC (2) 屋子有无缺陷(Defect) (3) 附属区域 (Accessory Parcel) 是否完善…
Tenancy Agreement: The Complete Guide to Salient Terms & Tenant’s Perspective What are the Salient Terms in Tenancy Agreement? Quiet Enjoyment- To make it clear that the Tenant is allowed to peaceably hold and enjoy the demised premises without any interruption from the landlord or any persons rightfully claiming through under or in trust for…
The Complete Guide to Salient Terms of Tenancy Agreement A Tenancy Agreement is a contract signed by the Landlord and the Tenant which states all the salient terms and conditions of renting a property. Tenancy is created for a term not exceeding three years and unlike a lease, it need not be registered-Section 213(2) of…
Guide to Leasehold Extension – What You Need to Know Before Applying The Importance of Having a Lease Extension as well as the Process for Getting One 1. What is a leasehold property? A leasehold property is a property built on a land owned by the State Government and can only belong to its owner…
Stamp Duty Remission For First Time Buyers Good news to all the First Time Buyer in Malaysia! Are you considering purchasing your first house for self-staying or investment? Now maybe the best time! The government just announced the new stamp duty remission or exemptions (P.U.(A) 53 & P.U.(A) 54) in the year 2021, in which…
What You Need to Know About Malaysia’s RPGT and Available Exemptions Malaysia’s RPGT Real Property Gains Tax (“RPGT”) is a tax levied by the Inland Revenue Board (IRB) on profits arising from the disposal/selling of real properties. The RPGT rates effective from 1 January 2019 are as follows:- Disposal Citizen/PR Non-Citizen/ Non-PR / Company Not…
A Guide to Property Stamp Duty Exemption for Homebuyers in Malaysia What are the latest stamp duty exemption orders? Stamp Duty (Exemption) Order 2021 (P.U.(A) 53/2021)(as attached) in relation to stamp duty exemption on instrument of transfer for purchase of residential property and Stamp Duty (Exemption) Order (No. 2) 2021 (P.U.(A) 54/2021)(as attached) in relation…
