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 Lawyers Corner, A one-stop centre on lawyers and queries

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ches7788
post Sep 8 2011, 05:07 PM

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Hi Dario, need your help here.

I want to sell of my units. It is a leasehold condo. I got the letter from developer to execute the MOT at S&P lawyer office. Since I plan to sell off, I am not going to execute the MOT. I will directly transfer the name to the buyer.

Potential buyer is asking how long does it takes for the process from signing S&P to get the name transferred and strata title issued under buyer's name?
ches7788
post Sep 9 2011, 10:51 AM

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QUOTE(dariofoo @ Sep 8 2011, 11:02 PM)
Whether the developer allows for direct transfer is at their sole discretion. So do check with the developer first.
Hard to tell. No two transaction can be completed at the same time. Depends on the efficiency of the lawyers, banks, state authorities, etc.
Ask your potential lawyer for a timeframe, but I bet even he would be reluctant to state so, as you might hold him to his word which could mean trouble for him if there's a delay.

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Alrd checked with developer. I have to pay RM1,000 for admin fee and that's all.

No potential lawyer yet. thats y get opinion from lowyat.net

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