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 Apportionment of quit rent and assessment fee, How to calculate?

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TSleongal
post Mar 10 2010, 11:46 PM, updated 16y ago

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My condo unit is under master title and freehold

My seller mentioned about apportionment of quit rent and assessment. May I know how this apportionment is counted? At what point it becomes my obligation to pay? Really confused over this.

Will you give me an example? Thanks.
jarjar6666
post Mar 10 2010, 11:59 PM

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it is calculated from the day you got the key. Your lawyer will calculate for you.
Chester
post Mar 11 2010, 02:05 AM

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agreed with jarjar. its calc on daily basis, and by lawyer..
TSleongal
post Mar 11 2010, 09:01 AM

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QUOTE(jarjar6666 @ Mar 10 2010, 11:59 PM)
it is calculated from the day you got the key. Your lawyer will calculate for you.
*
this means they will issue me an invoice another day?
jarjar6666
post Mar 11 2010, 09:04 PM

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ya. I'm waiting for my invoice too. By the way, I've got the key last week. smile.gif
TSleongal
post Mar 21 2010, 09:00 AM

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i got mine already and yes, it is calculated on a per daily basis....for condo, this is also including as outgoing expense

for example, the quit rent is RM 60 for the year, therefore RM 5 per month

You got your keys on April 1, therefore, the outgoing expense for quit rent that you need to pay back the seller is RM 5 per month X 3 months = RM 15

Hope this helps for first time buyers

 

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