Guidebook on Registering Property in Malaysia.pdf
Guidebook on Registering Property in Malaysia.pdf
Guidebook on Registering Property in Malaysia.pdf
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GUIDEBOOK <strong>on</strong> REGISTERING PROPERTY <strong>in</strong> MALAYSIAA summary of Steps 1 to 5 is shown <strong>in</strong> Diagram 11.•••• C<strong>on</strong>duct W<strong>in</strong>d<strong>in</strong>g-Up Search• SPA - 4 copies•••(Johari)(Hakimi)• On the assumpti<strong>on</strong> that buyer’s loanhas been approved, sign SPA• Deed of Assignment• PDS 15• The latest Quit Rentreceipt• The latestAssessment paid tothe Local Authority33••Banker(Seller’s Bank)(Buyer’s Bank)• Obta<strong>in</strong> redempti<strong>on</strong> statement and letterof undertak<strong>in</strong>g from seller’s end f<strong>in</strong>ancier(Bank)• Obta<strong>in</strong> letter of <strong>in</strong>structi<strong>on</strong> from buyer’s endf<strong>in</strong>ancier (Bank) for the amount approved.Pay to seller the Differential Sum• Redempti<strong>on</strong> Statementaddressed directly tobuyer’s end f<strong>in</strong>ancier(Bank)• Letter of Offer frombuyer’s end f<strong>in</strong>ancier(Bank)• SPA Lawyer• Stamp Office /RSC• Request for stamp<strong>in</strong>g of Deed of Assignment- Notice of Assessment is extracted(Stamp Office / RSC)• Deed of Assignment• Form PDS 15• Photocopy of NRIC ofseller and buyer• Land search and copyof title• SPA Lawyer STEP 5• Extracti<strong>on</strong> of Notice of Assessment for StampOffice / RSC• Payment of stamp duty accord<strong>in</strong>g to theNotice of Assessment• Extracti<strong>on</strong> of certificate of payment of stampduty <strong>on</strong> the Deed of Assignment• Form Deed ofAssignment• Orig<strong>in</strong>al Notice ofAssessment• Payment of stampdutyDiagram 11 - The Procedures for Sub-Sales of <strong>Property</strong> without Title(Freehold or Leasehold) from buyer’s po<strong>in</strong>t of view