Category: Law – Property Law

What is MOT (Memorandum of Transfer)? A Memorandum of Transfer (MOT) is a document that the buyer signs to transfer ownership from the seller to the buyer. In signing the MOT, the Land Title will be transferred from the developer…

When informed by the developer that your strata title has been issued, do not delay the perfection of strata title until the point of disposal. Here’s why: having an issued strata title registered in your name conclusively evidences your indefeasible ownership of…

What are property auctions? An auction property is a piece of real estate that’s owned by a bank and sold at auction. This means that the property has been foreclosed on and been repossessed by the bank or a court, usually because the previous owner could not settle the…

A glance through the KL skyline would show you just how developers today prefer to build condominiums instead of traditional townships. Owning a parcel in a residential building is entirely different from owning a conventional landed house. Here are 5…

So, the time has finally come for you to collect the keys to your new home, and it is certainly an exciting time, having waited for the past few years for its completion. Even so, the delivery of vacant possession…

While purchasing a property, one will not feel secure by merely signing only the Letter of Offer and Letter of Acceptance, notwithstanding the vendor or the purchaser. This insecure feeling of will persist until the signing of the formal agreement…

Offer to Purchase Payment of first 10% of purchase price Signing of the Sale and Purchase Agreement (SPA), Deed of Mutual Covenant (DMC) (if applicable), Memorandum of Transfer (if sub-divided title issued) For non-Malaysian, they are required to seek approval…

Generally, maximization of sales is the primary business objective, for which various strategies are followed by companies and developers. One of those strategies is providing a discount or rebate to buyers as an incentive to own a property. Discounts are the…

Times are hard so as our economy, gladly the government are going to implement a new strategy to help or at least attempt to recover the economy which is to reintroduce the Home Ownership Campaign (HOC) and Real Property Gain…

Caveat is a type of restriction where a caveat to the land prohibits land dealing such as sale of land, register any interest to the land and etc. The purpose of caveat is to protect the interest in the land…

GEORGE TOWN: Hong Kong house buyers are looking around in Penang. “Hong Kong people buying properties in Penang is not something new. But the number has definitely accelerated now,” said International Real Estate Federation (FIABCI) Malaysia president Michael Geh. “For…

Threshold for Foreigner to buy Property has dropped to 40%? Here are a few things to take note for a foreigner to buy a property in Malaysia. As announced in the Finance Budget for the year 2020, where the Finance…

What is a Defect Liability Period? Defects Liability Period is defined as a warranty period from the date when we receive delivery of the vacant possession for the unit. During this crucial period, the developer is responsible for fixing any…

There are seven things that you should know when receiving the keys to your new house from the developer. Delivery Of Vacant Possession: Delivery of vacant possession is when the property is ready to be handed to you. This usually…

Commercial real estate is any non-residential property used solely for business purposes. If the real estate makes money, is rented out, used for investments, or falls into a number of other categories other than being a private residence, it can be considered commercial…