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webber
post Aug 4 2011, 10:50 PM

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Hi, I'm buying a condo at Pandan Puteri Condo, Pandan Indah, 55100 Kuala Lumpur from an owner which the title is still under master title. From what I know, the strata title of the property is currently in the process to transfer to the owner.

1) May I know how long it would take normally for the transfer process to be completed? I saw some article on the Internet says that the "Computerization System of Strata Titles" has been implemented and the process will be shorten (but how long is it?). According to the owner, it will take 2 to 3 months. Is he correct?

2) And how long would it take to transfer the title from the owner (after the he got the title from developer) to me after that?

THanks a lot!
webber
post Aug 8 2011, 05:23 PM

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QUOTE(dariofoo @ Aug 5 2011, 03:38 PM)
1) Hard to tell. Depends highly on the efficiency of the land office in question. I'd give it roughly 2-3 months at the soonest.
2) Can do back to back transfer. Then the only thing left in between is adjudication by LHDN. That won't take long nowadays. Fastest can be roughly 5 working days, and 10 working days latest.

PS: Is it too late for the developer to agree to do direct transfer of title to you? Furthermore, vendor does not have to pay stamp duty. See your luck if developer agrees or not.  nod.gif

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very unfortunately, the developer does not agree to do direct transfer. I think I have to wait until owner to get his name owner first and only he can transfer to me, right? if it is then I have to wait at least one year to get my name on it rclxub.gif
webber
post Aug 9 2011, 02:34 PM

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QUOTE(babyekc @ Aug 9 2011, 12:37 PM)
Hi,

I've been through all these recently, as recent as few weeks back. So, I just wanna share my experience. 1st of all, do you know the 'currently in the process to transfer to the owner' is at which stage now? If the developer lawyer has 'presented' to the Land Office, then they will have the Presentation slip, with the number, you can check the status in strata.selangor.gov.my. The last I checked with Land Office, a week or 2 back if I'm not mistaken, they're currently processing cases for year 2010 Nov and Dec. You can check it with your date on the Presentation slip, then you can roughly know how long more to process. And you can forget the 'Computerization System of Strata Titles', the system is only running for Landed properties, not condo.

Normal procedure, my date on Presentation slip is April 2011, Land Office staff told me probably the process can be finished by Oct 2011 but i doubted it. You can appeal with the Land Office to speed up the process, if they accept it, it'll take about a month.

If you haven't reach to 'Presentation slip' stage, yes, I would say it probably take a year or more, to transfer from developer to vendor and to you.
Regards.
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Hi babyekc, thanks for sharing your experience. I think the the current owner is still waiting a letter from the developer. Need to check with the owner again.
webber
post Aug 9 2011, 03:04 PM

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QUOTE(webber @ Aug 9 2011, 02:34 PM)
Hi babyekc, thanks for sharing your experience. I think the the current owner is still waiting a letter from the developer. Need to check with the owner again.
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Just checked. What does it mean by "status of perfection of transfer is the MOT has not been executed by the developer but owner has paid the legal fees and disbursement for the perfection of transfer. "?
webber
post Aug 17 2011, 01:12 PM

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QUOTE(dariofoo @ Aug 9 2011, 12:15 PM)
Won't be up to one year. Less than that.
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Btw, my lawyer is preparing the SPA. I wonder how long does it take to prepare the SPA? I have been waiting for two weeks long. I called the lawyer, and he mentioned it is pending vendor's lawyer confirmation that he (the lawyer) is act on behalf of the vendor.

Is this necessary? the vendor's lawyer has actually sent us the previous SPAs and title copies. Anything else that need to put in the new SPA that need to get from the vendor n vendor's lawyer?
webber
post Aug 18 2011, 02:29 PM

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QUOTE(dariofoo @ Aug 5 2011, 03:38 PM)
1) Hard to tell. Depends highly on the efficiency of the land office in question. I'd give it roughly 2-3 months at the soonest.
2) Can do back to back transfer. Then the only thing left in between is adjudication by LHDN. That won't take long nowadays. Fastest can be roughly 5 working days, and 10 working days latest.

PS: Is it too late for the developer to agree to do direct transfer of title to you? Furthermore, vendor does not have to pay stamp duty. See your luck if developer agrees or not.  nod.gif

icon_rolleyes.gif
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The owner is currently doing the the name transfer. I just got the latest update from the owner saying that he got the letter of consents (from land authority I guess). Is that mean he is in the middle of transferring name or just wanted to start?

Do you have any experience on the selangor (hulu langat) land authority ? how long it may take?

Thanks.
webber
post Aug 27 2011, 12:26 PM

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QUOTE(dariofoo @ Aug 19 2011, 10:30 AM)
I'd give it a month at the earliest. Did the lawyer give you a timeframe. Hulu Langat Land Office is not bad. Efficient also  nod.gif
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Hi Dario, the lawyer didn't give me a time frame. You say earliest one month means - successfully got his name on the strata title?

Got latest updates from the vendor: "The documents from the developer and banks are complete. They will draft a statutory for me to sign and then they will send it to the land office."

"They" means the vendor's MOT lawyer... I'm pretty confuse on the thing he was saying. Which state he is now? Is it still can be done within 1 or 2 months?

I have other questions about the sales
1. In my SPA, I will put a clasue saying that 6 months for the vendor to get his name on the title before transfer to me. Is the 6 months enough? because the vendor ask for a year.

2. I thinking to move in the house (rent the house for 70% of market rate) after signing the SPA. Do I have the right to rent it out to other people?
webber
post Aug 28 2011, 01:49 AM

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QUOTE(dariofoo @ Aug 27 2011, 05:57 PM)
Yep.
1. Compromise la. Go for 6+3.  nod.gif
2. Normally it is not rented out to other people. It depends if the owner agrees to it but I doubt if he will agree, as he might as well rent it out to a third party at the market rate himself!  smile.gif
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Thanks Dario! Never thought the transfer can be that fast for Hulu Langat land office... hopefully it can be done within 2 or 3 months. rclxms.gif

I ask because I read at some websites were saying that the transfer and processing at land office may takes up to 6-9 months. for example: http://www.iproperty.com.my/news/246/Trans...les-or-be-fined

Could the info at iproperty be outdated?... really can't find much related info on the internet... sweat.gif
webber
post Aug 28 2011, 10:47 AM

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QUOTE(dariofoo @ Aug 28 2011, 10:25 AM)
Don't get confused between registration of transfer and application for consent. It is consent which takes 6-9 months ( 6-9 is maximum - if lucky can get earliest 1 month and average between 3-4 months). Registration is faster.  nod.gif
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Dario, thanks a lot for you explanation! notworthy.gif

Sometime the material on the Internet just make people confuse especially when you read it from popular website.

QUOTE
After stamping MOT, lawyer presents the MOT and charge instrument (Form 16A) (for properties charged to a bank), to the Land Registry/Office for registration. On presentation, a presentation number would be allocated. It would take an approximate 6 to 9 months or earlier with the recent implementation of the Computerization System of Strata Titles.


The highlighted text could be referred to the whole process and the website missed out info for the getting consent from land office... doh.gif
webber
post Sep 21 2011, 10:14 AM

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Hi Dario,

I need you advice. I got a problem buying a condo. I'm buying a condo from a direct owner two months ago. After inspection of the house, vendor give me two weeks to find a loan. And he did not receive any deposit from me. Then I have secured the bank loan (signed the letter of offer) and my lawyer has prepared the S&P draft and has been revised for one time. Now, the S&P is still pending some info ( I think it is related to bank) from the vendor. The vendor had also verbally agreed to let us move into the house next year April by renting his house.

I was trying to call the vendor this two weeks to ask him to give the related info to my lawyer but he did not answer my phone.

Today I received a SMS from his wife saying they will NOT be selling the house as this moment due to they are unable to get transfer of school of their daughter, unable to find a house yet and they miss calculate the penalty the bank impose if they make early settlement. They never tell me that if any above happens, they will cancel the sales

The whole process has wasted my two months time.

My questions are:
1) If I cancel the loan now, do I need to pay the penalty or legal fees?
2) What about fees for S&P?
3) What is your best suggestion for the above? I really wish to get the house.
4) Can I ask the vendor to pay for the compensation for my damages (e.g. legal fees)?

Thanks!

This post has been edited by webber: Sep 21 2011, 11:36 AM
webber
post Sep 21 2011, 02:36 PM

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QUOTE(dariofoo @ Sep 21 2011, 02:06 PM)
webber:
» Click to show Spoiler - click again to hide... «


1) If the SPA is aborted, the letter of offer is of no effect. By right, the bank ought not charge you anything. Check if anything is stated in the letter of offer. If nothing, check with your mortgage agent.

2) Normally if SPA is aborted then half of professional fees is charged and disbursements incurred only (which is not much - perhaps the relevant searches, letter of confirmation,etc). Some solicitors are gracious enough to just waive whatever fees on the condition that you still appoint them for the next purchase (as you would still need a lawyer then). Some are more "demanding" and would demand to be paid for work done. But don't be fooled into paying them in full.

3) You did not even pay a single cent to the vendor? In that case, there is no consideration (in monetary form) passing from you to him, and thus, it would be difficult to establish a contract to sell. Any booking form/letter of offer to purchase?

Any other factors? Any correspondence by the vendor to your lawyer with regard to the draft SPA? At least something to acknowledge his intention to sell.

If there were correspondence between your lawyer and him, then he can't deny that you have taken steps to prepare the SPA with the intention to create legal relations. As such, that would be a point in your favour.

I can't suggest more as I do not have all the facts before me.

4) If he still refuses to sell you have the option to send him a letter of demand to compel him to do so, or in the alternative (if you just want to give up and move on), claim for damages for costs incurred (legal fees, bank penalty [if any]) .
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Thanks a lot!

I didn't pay any cents because he mentioned no need and we can proceed to SPA if we able to secure a loan within 14 days. He has no lawyer to represent him in this sale. He did review the SPA and ask me (via email) to amend some of the terms (about the duration we can wait until his name is on the title). He did give us his previous SPA (to apply loan) and my lawyer did contact his loan solicitor to get SPA(s) and title document. He also agreed (via email) to give us the presentation number after he has submitted his MOT for name transfer from developer to his name.

In this case, if I send him a letter of demand to compel and he still to refuse to sell , what can I do?
webber
post Sep 21 2011, 04:14 PM

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QUOTE(dariofoo @ Sep 21 2011, 03:31 PM)
Hmmm. Good enough to show intention to create legal relations there. If he still refuses to sell after the LOD, then you have to file a civil suit for an injunction against him and at the same time seek for an order for specific performance. However, your case is not a 100% open-shut case, as they call it, as you have not paid him any consideration. You may come unstuck there. Seek for advice and counsel from your SPA lawyer first before deciding. Am sure there is a way to settle it without having to resort to litigation.

What if you win the case (after a few years perhaps, if it goes on for appeal) - and the vendor totally wrecks the house in spite and anger before moving out? It has happened before. You would then be looking at a bigger bill to make good the damage. Yes you may sue him for causing all that but once he has moved out can you trace him and serve the legal papers on him? Doubt so.

Weigh your options carefully. If you really think that it is worth it, then go for it. If there are alternative choices to buy, you might as well save yourself the headache, and legal fees for the civil suit (which will not be cheap as injunctions are costly).

Good luck  icon_rolleyes.gif
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Dario, thanks for your valuable reply!

In case we don't want to file a civil suit (e.g. give up after the LOD) and want to claim from the vendor for the damage of cost incurred, what I need to do?

Thanks.

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