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 Tenancy agreement stamping and registration..

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brutus
post Jul 28 2009, 02:42 PM

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QUOTE(SpaceBeast @ Jul 28 2009, 11:50 AM)
now need to fill up pds 1 and blue form is it? Is this SOP? since when did they started this, wasting my time going all the way to LHDN vmad.gif
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it is all stated in their website clearly.
brutus
post Jul 28 2009, 02:44 PM

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QUOTE(YuNGSeNG @ Jul 28 2009, 12:24 PM)
Borrow your thread,

May I know what is the reason to stamp the tenancy agreement ? Compulsory for every company ?
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to "legalise" the document.
brutus
post Jul 28 2009, 11:09 PM

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QUOTE(dream.angels @ Jul 28 2009, 06:57 PM)
no stamping means ur document is not legal in d terms of law
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many of the older generation of landlord do not stamp the tenancy agreement. thinking that they could "not declare" the rental as income and thus avoid paying more taxes.

brutus
post Aug 1 2009, 01:21 PM

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QUOTE(ch_leong @ Jul 31 2009, 02:40 PM)
It's not true that a document is not legal if it is not stamp duty paid. It is still legal but you will get hefty fine by LHDN if you use it in court for not paying it and LHDN found it out. It is governed under stamp duty act and it carries penalty if you dun stamp your document. Governemnt also need money mar. Dun because of this small money and make a big lost later.

To cut the hassle, get a runner to stamp it for you. I never fill in any form when I use runner but not when I do it on my own. It is wasting our time just to send 1 document for stamping. Get a lawyer clerk friend, real estate agent etc to help you. There is a small charge but worth the price.
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if you are the landlord and not the tenant, why risk it?
tenancy agreement is like insurance. you dont want to take it out for "use". but when you need it .....you will NEED it.

 

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