Editorial Notes: This is a Notice of Demand to claim Liquidated Damages from the Developer/Vendor due to Late Delivery of Vacant Possession to the purchaser. Vacant possession means the right to occupy and enjoy the property either by the owners…
Author: MyLegalWeb
[Member] Notice Of Demand – Tenancy
Explanatory Notes: This is a Notice of Demand regarding early termination of the Tenancy Agreement. Take note on the unpaid utilities bills by the tenant. 👇 CLICK BELOW TO DOWNLOAD OUR TEMPLATE 👇 Sign up now as a Premium Member…
[Member] Deed Of Guarantee Template
Explanatory notes for Deed of Guarantee: 1. A guarantee is a contractual promise to: (a) Ensure that a third party fulfils its obligations (pure guarantee); and/or (b) Pay an amount owed by a third party if it fails to do so itself (conditional payment guarantee). 2. A guarantee is…
[Member] Friendly Loan Agreement (Short Form)
Explanatory Notes This is a short-form friendly loan agreement (between Lender and Borrower). The Lender will borrow a sum to the Borrower with a consideration. Consideration is something of value given in return for a performance by another for the…
[Member] Tenancy Agreement template, With partnership basis, revenue sharing [PL.004]
This is a good sample of a tenancy agreement whereby the landlord agrees to in substitution to the conventional method of rental collection from tenant, agrees to take a share of the revenues generated/to be generated by the tenant i.e.…
Broadcasting Agreement
This is a broadcasting agreement between 2 parties whereby each has their own obligations to contribute to a particular program i.e. in this case, one party taking on the responsibility of broadcasting the program in a radio station while the…
[Member] Franchise Agreement [s1042]
This is a franchise agreement whereby the parties on i.e. issues on payment of royalty, restriction on trades(including the directions of the franchisee), limitation to one branch only, the right to use the trade mark/logo of franchisor (usually there will…
[Member] Deed of Release
DEED OF RELEASE THIS DEED OF RELEASE (this “Deed”) is made on ________________, BY: THE PARTIES listed in Part 1 of Schedule 1 (The Lenders) as Senior Lenders and in Part 2 of Schedule 1 (The Lenders) as Junior Lenders…
Parental Consent for Conversion of Non-Muslim Child
Both Parental Consent needed for Conversion of non-Muslim Child On 29 January 2018, the Federal Court held that any conversion of non-Muslim children must get the consent of both parents. Background After a divorce with Indira Gandhi, Muhammad…
Passing Off: The Law Protecting Unregistered Trademark
What is “Passing off”? It is common sense that “a man is not to sell his own goods under the pretence that they are the goods of another man.” This is the underlying principle of the tort of passing off,…
[Member] The Huge Wave Of Change That Transformed Malaysia’s Company Act
The Companies Act 2016 received Royal Assent on 31.8.2016 come into effect on 31 January 2017.With the introduction of this New Companies Act, shareholders have now been given a vital role in managing the company’s business despite company having its own…
Joint Tenancy & Tenancy in Common, General Principles
Joint Tenancy vs Tenancy in Common: What are the differences? Co-ownership Where property is purchased under the joint names of two or more people, a ‘trust of land’ arises. Where there is a trust of land, the legal estate…
Frequently Asked Questions About Purchasing A Property In Malaysia
FAQS ABOUT PURCHASING A PROPERTY IN MALAYSIA Purchasing a property may seem to be a simple buying and selling transaction to a lot of people. However, like all transactions, simple overlooking of things may make purchasing of a dream home…
Real Property Gains Tax In Malaysia
REAL PROPERTY GAINS TAX IN MALAYSIA (RPGT) Real Property Gains Tax (RPGT) is a form of Capital Gains Tax that is imposed on the disposal of property in Malaysia. It was suspended temporarily in 2008-2009, and reintroduced in 2010. In…
Purchasing properties in Penang, is it still as easy as it used to be?
To prevent the adverse effects of a property bubble and to attract genuine buyers rather than speculators,the Penang State Government has come out with their latest ruling in which come into effect on 1 February 2014, of imposing a 3%…
[Member] Preference Shares, A MUST Know If You Are Planning To Venture Into The Business World.
The first and most basic question is, what are preference shares? Preference shares, more commonly referred to as preferred stock, are shares of a company’s stock with dividends that are paid out to shareholders before common stock dividends are issued.…
[Member] Deed Of Gift (Property)
DEED OF GIFT THIS DEED OF GIFT made on this day 20 Between xxxxxxxxxxxxxxxxx (hereinafter referred to as “the Donors”) of the one part and xxxxxxxxxxxxxxxxx (hereinafter referred to as “the Donee”)…
Termination Of Co-Proprietorship
TERMINATION OF CO-PROPRIETORSHIP 1) Can the court terminate the parties’ co-proprietorship or not ? Yes, it is possible. 2) How to terminate the co-proprietorship ? = Subdivide the land = Have the land partitioned = Transfer the minority shareholder’s…
FORM 14A (NATIONAL LAND CODE)
BORANG 14A NATIONAL LAND CODE (N.L.C. 27A-Pin. 2/85) Kanun Tanah Negara Borang 14A (Seksyen 215, 217, 218) PINDAHMILIK TANAH, BAHAGIAN ATAU PAJAKAN (Setem hendaklah dilekatkan – atau pembayaran cukai diperakui – dalam ruang ini) UNTUK KEGUNAAN PEJABAT PENDAFTARAN…
LETTER OF INDEMNITY
Letter of Indemnity Date: name nric add To: name nric add Dear Sirs, Re: LETTER OF INDEMNITY Property : Unit of Service apartment known as held under Developer: Vendor(s): New Purchaser: Principal Sale…