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Hansel
post Feb 9 2011, 02:15 PM

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QUOTE(dariofoo @ Feb 9 2011, 02:17 PM)
Yeah but another one jumped on the caveat bandwagon and now TS is having a grand idea of it as well. Am still waiting for him to post the query here,but let's discuss things in general.

The initial question must not be whether you CAN or CANNOT lodge a caveat. The question is WHY.

Why do you want to lodge a caveat? You must have a caveatable interest first, and there must be a probability of the registered proprietor disposing off the property, thus defeating your rights over the property. That is the effect of a caveat. It 'locks' the title, so to speak. The registered proprietor can't deal with it in any manner.

What can the other person do with the title that you want to prevent? He can't transfer the deceased's half-share to his name, as there is no Form 14A [MOT] to give him such right.

If there's a situation where the owner of the half-share, in his lifetime, had executed a few MOTs in escrow (not dated nor stamped) and same has been deposited with the owner of the other half-share, then yes, the fear is there. The possibility is there. Then yes, a caveat would be prudent.

Only then would you go to the question as to WHO can lodge a caveat. In this case, it can be Chong, Muthu or Ali. It has to be the Executor or the Administrator of the deceased's estate, as the case may be. That person would have the capacity to have a caveatable interest over the property. He acts on behalf of all the beneficiaries of the half-share. He can lodge a caveat.

nod.gif
*
Yooo, bro,.. yeah, you have a point there, I get it perfectly - what is there to protect if the grand-uncle has no way to sell-off ? But I was thinking more from the point of possible loopholes somewhere, or even frauds that may take place since the TS mentioned that the grand-uncle and the family kept insisting that the whole piece of land belonged to them. Hence, my instinctive response kicked-in. tongue.gif , without thinking further.

Anyway, what yo wrote in the above actually reminded me of another thing - I believed if the TS performs a search at the Land Office, he will find his grand-dad's name still in the grant. Then problem solved. biggrin.gif

No need of all these hassles of getting a lawyer, etc.

Hehe, looks like it's just the two of us sparring here about TS' problems, he may not even be reading this.
TSdariofoo
post Feb 9 2011, 04:01 PM

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QUOTE(jessy123 @ Feb 9 2011, 01:58 PM)
Hi Dario
i just asked my lawyer to draft the supplemental agreement and she said quote We wouldn’t recommend a side letter as it is insufficient for you as the Landlord to pursue recovery.unquote.. 
*
Your lawyer must have more knowledge of the facts than what you've told me here. What is the duration of the tenancy in the current agreement? 1+1? 2+1? 3?

You see, if it is a 1+1 basis tenancy, if the first year is up, you can have a supplementary letter agreeing to extend it for the second year, subject to an increase in rental of RMx. A simple one to that effect.

But if it has lapsed, i.e 1+1 is over, then you have to draw up a new one, notwithstanding the fact that a tenancy can go up to 3 years at one stretch. You can't create a 1+1+1 with the 'side letter'. Like I explained, this would be illegal as you are trying to evade stamp duty for that extra one year period.

If your 'side letter' is to merely place on record that you are now the landlord, and that the tenant acknowledges it and agrees to deposit the monthly rental into xxx bank account, then by all means go ahead. A lot of people do that anyway. Nothing wrong with that.

But if it is the situation above, follow your lawyer's advice.

QUOTE(jessy123 @ Feb 9 2011, 01:58 PM)
What do you think i should do?  I definitely want a legal tenancy doc in place...to be on the "safe" side, i just have to put a new one in place? i can just reproduce the old one and get the tenant to sign..its almost 70pgs long..

have you yourself done a supplemental agreement before in similar circumstances as mine? 
*
You asked a question and then proceeded to answer it yourself laugh.gif

70 pages is too long! Unless the font size is 70 as well? sweat.gif

Get a new one done. Simple. Cost won't be too much. If you really pity your tenant and want to be in running to win the Landlord Of The Year 2011 Competition, you can pay the legal fees and stamp duty on his behalf. Nothing wrong with that nod.gif
TSdariofoo
post Feb 9 2011, 04:05 PM

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QUOTE(Hansel @ Feb 9 2011, 02:15 PM)
Yooo, bro,.. yeah, you have a point there, I get it perfectly - what is there to protect if the grand-uncle has no way to sell-off ? But I was thinking more from the point of possible loopholes somewhere, or even frauds that may take place since the TS mentioned that the grand-uncle and the family kept insisting that the whole piece of land belonged to them. Hence, my instinctive response kicked-in.  tongue.gif , without thinking further.

Anyway, what yo wrote in the above actually reminded me of another thing - I believed if the TS performs a search at the Land Office, he will find his grand-dad's name still in the grant. Then problem solved.  biggrin.gif

No need of all these hassles of getting a lawyer, etc.

Hehe, looks like it's just the two of us sparring here about TS' problems, he may not even be reading this.
*
I know your instincts very well, that's why I initially wanted to put 'what if there's fraud involved' in the post and address it, but I thought i'll let you reply and raise that issue yourself. Don't wanna steal your thunder! laugh.gif

And I was right. You did biggrin.gif

Yes he can do a search and most likely, the deceased's name will be on the grant. Better still if there's an existing charge. You can't transfer it unless with the consent of the chargee.
Even if there's no charge, you can't transfer half-share, if it is an undivided half-share (which is most likely the case).

I noticed that you've gone full blast to advice TS to lodge a caveat. Still opine the same way? Or are you like this now -> sweat.gif

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TSdariofoo
post Feb 9 2011, 04:16 PM

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Hansel buddy,

Too late. TS is determined to go ahead with caveat, after like 5-6 posts advising him to do so with no reference to any legal principle whatsoever. He doesn't even want to post his question here. Maybe he's scared that I'll steal his side of the family's half-share (allegedly) worth RM1.5M. laugh.gif

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jessy123
post Feb 9 2011, 08:23 PM

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QUOTE(dariofoo @ Feb 9 2011, 04:01 PM)
Your lawyer must have more knowledge of the facts than what you've told me here. What is the duration of the tenancy in the current agreement? 1+1? 2+1? 3?

You see, if it is a 1+1 basis tenancy, if the first year is up, you can have a supplementary letter agreeing to extend it for the second year, subject to an increase in rental of RMx. A simple one to that effect.

But if it has lapsed, i.e 1+1 is over, then you have to draw up a new one, notwithstanding the fact that a tenancy can go up to 3 years at one stretch. You can't create a 1+1+1 with the 'side letter'. Like I explained, this would be illegal as you are trying to evade stamp duty for that extra one year period.

If your 'side letter' is to merely place on record that you are now the landlord, and that the tenant acknowledges it and agrees to deposit the monthly rental into xxx bank account, then by all means go ahead. A lot of people do that anyway. Nothing wrong with that.

But if it is the situation above, follow your lawyer's advice.
You asked a question and then proceeded to answer it yourself  laugh.gif

70 pages is too long! Unless the font size is 70 as well?  sweat.gif

Get a new one done. Simple. Cost won't be too much. If you really pity your tenant and want to be in running to win the Landlord Of The Year 2011 Competition, you can pay the legal fees and stamp duty on his behalf. Nothing wrong with that  nod.gif
*
actually the agreement is for 1+3...now tenant said he wants to extend only one year which i have agreed. no increase in rental. .tenancy has not lapsed..current tenancy ends end feb 2011. He has already started paying rental to me for 2 months already..

no lah..the original tenancy agreement was done by the building mgt as the last vendor decided to use their services so that was very very detailed and kiasu...so that is why 70 pages lah..font is 12 (just to set the record straight smile.gif

aiya ..good intentions always misconstrued lah...am not into awards ..u are probably? ke ke..

ya i will get a new one done...the current one is way too cheonghei..

Tks anyway




TSdariofoo
post Feb 10 2011, 12:11 AM

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QUOTE(jessy123 @ Feb 9 2011, 08:23 PM)
aiya ..good intentions always misconstrued lah...am not into awards ..u are probably? ke ke..
*
Already a winner of the Hansel & Gretel Award 2011 from Singapore nod.gif

Good luck to you bye.gif
Hansel
post Feb 10 2011, 08:59 AM

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" Your lawyer must have more knowledge of the facts than what you've told me here. What is the duration of the tenancy in the current agreement? 1+1? 2+1? 3?

You see, if it is a 1+1 basis tenancy, if the first year is up, you can have a supplementary letter agreeing to extend it for the second year, subject to an increase in rental of RMx. A simple one to that effect.

But if it has lapsed, i.e 1+1 is over, then you have to draw up a new one, notwithstanding the fact that a tenancy can go up to 3 years at one stretch. You can't create a 1+1+1 with the 'side letter'. Like I explained, this would be illegal as you are trying to evade stamp duty for that extra one year period. "

Bro,.. interesting explanations in the above, very informative and educational.

Would like to ask here too : can a Landlord draft up a 1 + 1 + 1 agmt, since the maximum is up to three years ?

Can we insert some additional terms and conditions into the Side Letter in the above and these additional Ts & Cs act together in concert with the original Tenancy Agreement ?

macong
post Feb 10 2011, 09:04 AM

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Good morning to all,

I would like to ask if my SPA sign in mth of Feb 2011, purchase price in SPA is RM350,000, 1st home buyer . Do I qualify for the 50% stamp duty exemption on SPA & loan agreement?
Hansel
post Feb 10 2011, 09:09 AM

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QUOTE(dariofoo @ Feb 10 2011, 01:11 AM)
Already a winner of the Hansel & Gretel Award 2011 from Singapore  nod.gif

Good luck to you  bye.gif
*
biggrin.gif biggrin.gif biggrin.gif I am the joint winner too ! rclxms.gif rclxms.gif rclxms.gif

I think that Land TS is too grossed-up in his endeavour grab back his portion of the land. I don't think he visited this thread at all. Sad to say this, but it's his loss if he does not cover things in totality. On the other hand, I am keen if he is able to put in the caveat. His caveat might be rejected for all we know.
TSdariofoo
post Feb 10 2011, 10:36 AM

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QUOTE(Hansel @ Feb 10 2011, 08:59 AM)
" Your lawyer must have more knowledge of the facts than what you've told me here. What is the duration of the tenancy in the current agreement? 1+1? 2+1? 3?

You see, if it is a 1+1 basis tenancy, if the first year is up, you can have a supplementary letter agreeing to extend it for the second year, subject to an increase in rental of RMx. A simple one to that effect.

But if it has lapsed, i.e 1+1 is over, then you have to draw up a new one, notwithstanding the fact that a tenancy can go up to 3 years at one stretch. You can't create a 1+1+1 with the 'side letter'. Like I explained, this would be illegal as you are trying to evade stamp duty for that extra one year period. "

Bro,.. interesting explanations in the above, very informative and educational.

Would like to ask here too : can a Landlord draft up a 1 + 1 + 1 agmt, since the maximum is up to three years ?

Can we insert some additional terms and conditions into the Side Letter in the above and these additional Ts & Cs act together in concert with the original Tenancy Agreement ?
*
Can,but you pay stamp duty for 3 years, but it is basically a yearly tenancy. If I were the tenant, I'd be wary as 1+1+1 allows the landlord to revise the rent every year. Most likely it'll go up right? I mean, which landlord would accept the fact that the prevailing market rental is lower than it was previously? If you don't agree with the revision, you'll be booted out of the door.
You're living (or should I say 'renting') on the edge. When the end of the year comes you'll be like this -> sweat.gif

I find 2+1 or 3+0 very common and more sensible nod.gif
TSdariofoo
post Feb 10 2011, 10:38 AM

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QUOTE(Hansel @ Feb 10 2011, 08:59 AM)
Can we insert some additional terms and conditions into the Side Letter in the above and these additional Ts & Cs act together in concert with the original Tenancy Agreement ?
*
Cannot and better not. Better to have a new tenancy agreement drawn up once it lapses.

However, if you're talking about modification of the tenancy agreement by way of mutual consent to insert/amend clauses, then yes, that is possible by way of this 'side letter' or supplementary agreement.

This post has been edited by dariofoo: Feb 10 2011, 10:39 AM
TSdariofoo
post Feb 10 2011, 10:42 AM

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QUOTE(macong @ Feb 10 2011, 09:04 AM)
Good morning to all,

I would like to ask if my SPA sign in mth of Feb 2011, purchase price in SPA is RM350,000, 1st home buyer . Do I qualify for the 50% stamp duty exemption on SPA & loan agreement?
*
Morning. Yes, you are entitled to a 50% exemption on the stamp duty on your memorandum of transfer/deed of assignment (as the case may be).
TSdariofoo
post Feb 10 2011, 11:02 AM

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QUOTE(Hansel @ Feb 10 2011, 09:09 AM)
  I am the joint winner too ! 
*
Haha. I thought you bestowed upon me the award notworthy.gif

laugh.gif


QUOTE(Hansel @ Feb 10 2011, 09:09 AM)
I think that Land TS is too grossed-up in his endeavour grab back his portion of the land. I don't think he visited this thread at all. Sad to say this, but it's his loss if he does not cover things in totality. On the other hand, I am keen if he is able to put in the caveat. His caveat might be rejected for all we know.
*
Caveat will be allowed as it is a private caveat. Land office won't question it as long as the form 19A is filled up properly.

Notice will be sent by the land office to the joint-owner that a caveat has been lodged. He's going to jump. He'll go see a lawyer. Then let the games begin. Perhaps TS will open another thread asking for advice again. Then all those who had advised him to enter a caveat will go like this - mega_shok.gif

laugh.gif

PS: Wouldn't it be funny if the joint owner opened a thread here as well asking for advice after the caveat has been lodged? laugh.gif
Cannabis
post Feb 10 2011, 03:16 PM

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am going to resign from this firm...any nice firm can recommend?
Hansel
post Feb 10 2011, 05:36 PM

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QUOTE(dariofoo @ Feb 10 2011, 11:36 AM)
Can,but you pay stamp duty for 3 years, but it is basically a yearly tenancy. If I were the tenant, I'd be wary as 1+1+1 allows the landlord to revise the rent every year. Most likely it'll go up right? I mean, which landlord would accept the fact that the prevailing market rental is lower than it was previously? If you don't agree with the revision, you'll be booted out of the door.
You're living (or should I say 'renting') on the edge. When the end of the year comes you'll be like this ->  sweat.gif

I find 2+1 or 3+0 very common and more sensible  nod.gif
*
Hi Bro,.. An agmt with a tenure of 1 + 1 + 1 years will need to pay up to 3 years of Stamp Duty - understood. But what if we increase the rental in the second year with just a piece of Side Letter ? Do we need to bring this letter up to the Revenue Office to pay the additional Stamp Duty too ?

By the way, thank you for that point about not being advisable to use the Side Letter for additional terms and conditions, but perhaps use an attachment. I think that's fine - the attachment can be added into the original Tenancy Agreement, ie stapled together at the back of the agreement.

Which means - there will be a Side Letter mentioneing the new rental and an attachement mentioning additional terms and conditions.

Hansel
post Feb 10 2011, 05:43 PM

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QUOTE(dariofoo @ Feb 10 2011, 12:02 PM)
Haha. I thought you bestowed upon me the award  notworthy.gif

laugh.gif
Caveat will be allowed as it is a private caveat. Land office won't question it as long as the form 19A is filled up properly.

Notice will be sent by the land office to the joint-owner that a caveat has been lodged. He's going to jump. He'll go see a lawyer. Then let the games begin. Perhaps TS will open another thread asking for advice again. Then all those who had advised him to enter a caveat will go like this -  mega_shok.gif

laugh.gif

PS: Wouldn't it be funny if the joint owner opened a thread here as well asking for advice after the caveat has been lodged?  laugh.gif
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Haha,.. yes, yes, I hereby bestow upon you, Dario Foo, the Hansel and Gretel Award. You are now free to use the Gingerbread House as and when you like biggrin.gif biggrin.gif rclxms.gif rclxms.gif

On the caveat, I thought the Land Office will check first the rights of every would-be caveator before the caveat is executed ?

TSdariofoo
post Feb 11 2011, 10:42 AM

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QUOTE(Hansel @ Feb 10 2011, 05:36 PM)
Hi Bro,.. An agmt with a tenure of 1 + 1 + 1 years will need to pay up to 3 years of Stamp Duty - understood. But what if we increase the rental in the second year with just a piece of Side Letter ? Do we need to bring this letter up to the Revenue Office to pay the additional Stamp Duty too ?
*
No,as the revision in rental has been envisaged and provided for in the original tenancy agreement. Any 'side letter' or 'side agreement' or 'supplementary agreement' would attract a nominal stamp duty of RM10.00 nod.gif


QUOTE(Hansel @ Feb 10 2011, 05:36 PM)
By the way, thank you for that point about not being advisable to use the Side Letter for additional terms and conditions, but perhaps use an attachment. I think that's fine - the attachment can be added into the original Tenancy Agreement, ie stapled together at the back of the agreement.
Which means - there will be a Side Letter mentioneing the new rental and an attachement mentioning additional terms and conditions.
*
Yes, you're right. Any modifications/amendments to the tenancy agreement must be made in writing, duly executed by both parties and stamped with a nominal RM10.00 stamp duty. It would then be termed as a 'supplementary agreement'.

That is the proper procedure.

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TSdariofoo
post Feb 11 2011, 10:57 AM

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QUOTE(Hansel @ Feb 10 2011, 05:43 PM)
Haha,.. yes, yes, I hereby bestow upon you, Dario Foo, the Hansel and Gretel Award. You are now free to use the Gingerbread House as and when you like  biggrin.gif  biggrin.gif  rclxms.gif  rclxms.gif
*
It's dariofoo, not Dario Foo. doh.gif

laugh.gif

QUOTE(Hansel @ Feb 10 2011, 05:43 PM)
On the caveat, I thought the Land Office will check first the rights of every would-be caveator before the caveat is executed ?
*
No they won't. Do you think they've time for all that??? laugh.gif

They will issue a notice to the registered proprietor of the property that a caveat has been lodged and it is up the him to act on it, if he wishes. nod.gif
macong
post Feb 11 2011, 11:44 AM

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QUOTE(dariofoo @ Feb 10 2011, 10:42 AM)
Morning. Yes, you are entitled to a 50% exemption on the stamp duty on your memorandum of transfer/deed of assignment (as the case may be).
*
Thank you.
g00glesYYl
post Feb 11 2011, 01:57 PM

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Hi all,

Below is reasonable?

Purchase Price: RM250,000.00

Legal Fees

1. Solicitors’ fee for drafting of Sale and Purchase Agreement 2,200.00
2. Solicitors’ fee for drafting of Deed of Assignment 200.00
3. Solicitors’ fee for submission of RPGT 200.00
4. Solicitors’ fee for application of confirmation letter from 200.00
Developer
2,800.00
Disbursement

1. 6% government service tax 168.00
2. stamping fee on Sale and Purchase Agreement 40.00
3. stamping fee on copy of Deed of Assignment 30.00
4. Adjudication fee on Deed of Assignment 10.00
5. Stamping fee on the Original Deed of Assignment 0.00
6. Title search on master title 60.00
7. Transport charges 200.00
8. Printing & Photocopy charges 50.00
9. Postage, telephone and fax charges 50.00
10. Co. and Winding up search 40.00
11. Bankruptcy search 40.00
12. Miscellaneous charges 50.00 738.00
TOTAL 3,538.00

With Compliments,

*Note : this Note of Charges/Invoice does not include the stamp duty on the original Deed of Assignment estimated at RM4,000.00 (50% is RM2,000.00)


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