There are generally two ways for foreigners to finance the purchase of properties in Malaysia. The first way is to bring in your own money from your home country to finance the purchase. This is the most direct approach and…
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There are generally two ways for foreigners to finance the purchase of properties in Malaysia. The first way is to bring in your own money from your home country to finance the purchase. This is the most direct approach and…
Performance Contracts can be used by the performer themselves, or the performer’s agency. An entertainment venue can use a Performance Contract to protect their interests in terms of scheduling acts and managing cancellations, accidents, illnesses, and other unforeseen events. Here is a sample of basic…
Sample Resignation Letter [Your Name] [Street • City • State • Zip Code] [Phone # • Fax phone # • Messages phone # • Email] [Date today] [Recipient’s name] [Company name] [Address] [Address] [Address] Dear [Recipient’s name]:…
What is Tribunal For Homebuyer Claims? Tribunal For Homebuyer Claims (TTPR) is established under the Housing Development (Control & Licensing) Act 1966 on 1.12.2002. It is a special tribunal established to hear disputes between homebuyer and housing developer. It is…
The employee and the employer may, at any time, terminate the employment contract by agreement of the parties. Termination of the employment contract by agreement must be formalised in writing to prevent subsequent disputes. The employment contract entered into for a specified term expires upon the expiry of the term. _______________________________________________________________________________________________________________________________________________________ STRICTLY CONFIDENTIAL WITHOUT PREJUDICE DATE NAME…
Internship is the position of a student or trainee who works in an organization, sometimes without pay, in order to gain work experience or satisfy requirements for a qualification. Here is the sample of agreement template for a company to…
You should have a clear picture of what you’re getting into. Here are several things you should look into before you jot down your signature. The information presented below can vary depending on the country of your residence. 1. Job title…
Using a Temporary Employment Contract can provide a company with legal protection when hiring a short-term employee by making clear that the position is strictly temporary. The temporary employee is also considered “at-will,” allowing the employer to terminate the employment relationship without cause. ________________________________________________________________________________________________________________ (hereinafter referred to as…
An employment contract or contract of employment is a kind of contract used in labour law to attribute rights and responsibilities between parties to a bargain. The contract is between an “employee” and an “employer”. __________________________________________________________________________________ THIS AGREEMENT, made as of the ____ day of ____ , 20__. Between: (Company…
WHAT IS PR1MA? Perbadanan PR1MA Malaysia was established under the PR1MA Act 2012 to plan, develop, construct and maintain high-quality housing with lifestyle concepts for middle-income households in key urban centres. PR1MA homes come in various types and sizes within…
Notice To Vacate is a written notice completed by either the tenant or the landlord to provide notification of planning to vacate the premises or as a demand to vacate. In most cases, a landlord will provide the notice to…
An auction property is a real estate that has been foreclosed by a bank or the High Court, mainly because the owner has failed to settle the payment for mortgages or quit rent. Guidelines To Buying An Auction Property…
Conditions of sale are terms inserted into the Offer to Purchase by both the Buyer and Seller. Commonly, these conditions of sale include: subject to finance and bond approval, subject to a sale of another property, and subject to the…
The two main ways for the foreigner to acquire property in Malaysia There are two main ways for foreigner to buy property in Malaysia: -buying new launch properties; or -buying sub-sale properties Buying new launch properties New launch properties are…
How can a bankrupt be released from his bankruptcy status? There are 3 ways in which a bankrupt can be released from his bankruptcy status: Discharge by court order A bankrupt must first apply from the DGI a certificate to…
After the amendments of Bankruptcy law in Malaysia, Section 2c(1) Insolvency Act 1967 stated that a debtor can now “propose a voluntary arrangement to his creditors any time before he is adjudged bankrupt.” Voluntary arrangement under the Insolvency Act 1967 gives…
The Star reported on 15th August 2018, stating some 64,632 Malaysians aged between 18 to 44 years old have been declared bankrupt over the last five years. Minister Liew Vui Keong said in a written reply that the highest cases…
A prenuptial agreement is an agreement made by a couple before they marry concerning the ownership of their respective assets should the marriage fail. It is sometimes called a “prenup”, pre-marital agreement, or an ante-nuptial agreement. Nowadays, prenuptial agreements are…
A renovation letter can be called ‘permission letter to renovate’. It is written in order to seek permission for renovation in the premises. A renovation letter is a kind of request letter. A request letter is a document written for the intention of requesting from an entity…
Minister Lim Guan Eng has announced numerous measures for the property sector in Budget 2019 targeting to encourage homeownership, especially for the first-time buyers. According to the announcement made by Minister Lim, a total of RM1.5 billion has been allocated…