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 Lawyer's Corner v2, One-stop centre for any legal queries

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nujikabane
post Feb 10 2012, 12:19 PM

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From: atas bawah kiri kanan

QUOTE(dariofoo @ Feb 10 2012, 01:20 AM)
This is quite a common scenario. ZZ has a few options:

1) Deed of Trust - where AA agrees that he is holding 50% share as trustee on behalf of ZZ. This is followed up by blank transfer of shares forms duly executed by AA and kept by the Comp Sec.

2) A friendly loan agreement. No interest charged.

3) Blank transfer forms like in para (1), without Deed of Trust.
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Thank You for the answer smile.gif

That means, in regards to blank transfer of share form, it can be done either with or without Deed of Trust?

& when you mention blank transfer of form, what does it mean actually?
TSdariofoo
post Feb 10 2012, 01:26 PM

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QUOTE(nujikabane @ Feb 10 2012, 12:19 PM)
Thank You for the answer smile.gif

That means, in regards to blank transfer of share form, it can be done either with or without Deed of Trust?

& when you mention blank transfer of form, what does it mean actually?
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Only the more prudent ones opt for Deed of Trust. Most opt for pre-signed forms.

Sorry perhaps I shouldn't have used the term 'blank'. It's not really blank in all areas. Everything is filled up except the date. It will be dated later when AA gives up his right to the shares, or when there's a problem and ZZ wants to get rid of AA.

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Fresh n White
post Feb 10 2012, 11:19 PM

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I just want to know why some properties especially free hold can get transferred so fast even apartments and condos?
datuk_batery
post Feb 11 2012, 10:20 AM

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Hi

i have problem now with my lawyer...i have sell my house then every thing is settle including get balance from bank purchaser

the issue now is my lawyer dont want give that balance cheq without any reason...i told that lawyer firm if you not give my cheq by this mon i will do police report...

some one can advised me how to settle my issue

thx
TSdariofoo
post Feb 11 2012, 10:44 PM

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QUOTE(Fresh n White @ Feb 10 2012, 11:19 PM)
I just want to know why some properties especially free hold can get transferred so fast even apartments and condos?
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Probably because consent from state authority is not required, as with (most, but not all) leasehold properties.
TSdariofoo
post Feb 11 2012, 10:45 PM

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QUOTE(datuk_batery @ Feb 11 2012, 10:20 AM)
Hi

i have problem now with my lawyer...i have sell my house then every thing is settle including get balance from bank purchaser

the issue now is my lawyer dont want give that balance cheq without any reason...i told that lawyer firm if you not give my cheq by this mon i will do police report...

some one can advised me how to settle my issue

thx
*
There must be a reason why. Surely the lawyer must tell you why he is withholding the cheque.
datuk_batery
post Feb 11 2012, 11:17 PM

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QUOTE(dariofoo @ Feb 11 2012, 10:45 PM)
There must be a reason why. Surely the lawyer must tell you why he is withholding the cheque.
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what i understand is their company account dont enough money to pay back my cheq

i will do police report and bar council...
manemaren
post Feb 11 2012, 11:25 PM

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A property agent approach me and ask if I am selling my house as he has some buyers.

I agreed to sell as I am thinking of selling it for quite some time.

After about 3 month, he found me a buyer and asking for commission of abt 3% of the selling price.

Question is who should be paying this commision. Me - Seller or the buyer?

I have never signed any agreement with the Agent before this. He only give the agreement letter now.

Hope you can clarify.

Thanks
Tan2222959
post Feb 12 2012, 01:20 PM

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Hi all sifus, im selling off my house and the house is with my ex gf name..at 1st she agree to sell off without any conditions and now she asking for some $$$.. What should i do? I need the money for business and also pay off quite some debts..what do u all recommend for me to do? Thanks a lot
1282009
post Feb 12 2012, 04:55 PM

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Hi, normally how long do we expect to get individual title for condo unit? Who should we approach to enquire/speed this up, developer or condo management? Mine one is almost 5-6 years now after VP. Will the value of the prop increase after title is issued?


SnowDreamer
post Feb 12 2012, 07:14 PM

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Hi, do you have any "Offer to Sell" agreement sample? What shall be included in the agreement? Thank you.
ruben7389
post Feb 12 2012, 07:56 PM

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QUOTE(1282009 @ Feb 12 2012, 04:55 PM)
Hi, normally how long do we expect to get individual title for condo unit? Who should we approach to enquire/speed this up, developer or condo management? Mine one is almost 5-6 years now after VP. Will the value of the prop increase after title is issued?
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Thats what I heard too... my condo also getting ind title issued shortly and everyone waiting for price to go up a bit
TSdariofoo
post Feb 12 2012, 07:58 PM

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QUOTE(datuk_batery @ Feb 11 2012, 11:17 PM)
what i understand is their company account dont enough money to pay back my cheq

i will do police report and bar council...
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"Rolling" with client's monies is a serious offence not only with the Bar Council but is also a criminal offence. Criminal Breach of Trust.

This post has been edited by dariofoo: Feb 12 2012, 08:00 PM
TSdariofoo
post Feb 12 2012, 07:59 PM

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QUOTE(manemaren @ Feb 11 2012, 11:25 PM)
A property agent approach me and ask if I am selling my house as he has some buyers.

I agreed to sell as I am thinking of selling it for quite some time.

After about 3 month, he found me a buyer and asking for commission of abt 3% of the selling price.

Question is who should be paying this commision. Me - Seller or the buyer?

I have never signed any agreement with the Agent before this. He only give the agreement letter now.

Hope you can clarify.

Thanks
*
Seller pays. However, there is no fixed rate for his commission and it is subject to agreement by both parties.
TSdariofoo
post Feb 12 2012, 08:03 PM

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QUOTE(Tan2222959 @ Feb 12 2012, 01:20 PM)
Hi all sifus, im selling off my house and the house is with my ex gf name..at 1st she agree to sell off without any conditions and now she asking for some $$$.. What should i do? I need the money for business and also pay off quite some debts..what do u all recommend for me to do? Thanks a lot
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Common problem. Seems like you have no other choice to pay her if you can't reach a settlement. Power is in her hands as she is the registered proprietor of the property.
TSdariofoo
post Feb 12 2012, 08:08 PM

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QUOTE(1282009 @ Feb 12 2012, 04:55 PM)
Hi, normally how long do we expect to get individual title for condo unit? Who should we approach to enquire/speed this up, developer or condo management? Mine one is almost 5-6 years now after VP. Will the value of the prop increase after title is issued?
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Up to the developer, actually. Unless the JMB can round up and put some pressure on the developer. What is the JMB's stand on this? The law does not put in a timeframe for the developer to do so.
manemaren
post Feb 12 2012, 08:16 PM

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If I sell a my own property, do I need to give the buyer 18 warranty period like the one developer gave?

1282009
post Feb 12 2012, 08:30 PM

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QUOTE(dariofoo @ Feb 12 2012, 08:08 PM)
Up to the developer, actually. Unless the JMB can round up and put some pressure on the developer. What is the JMB's stand on this? The law does not put in a timeframe for the developer to do so.
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Thanks, I will check with condo management as first step.


SnowDreamer
post Feb 12 2012, 09:47 PM

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QUOTE(SnowDreamer @ Feb 12 2012, 07:14 PM)
Hi, do you have any "Offer to Sell" agreement sample? What shall be included in the agreement? Thank you.
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Or, it just a simple agreement to indicate deposit had been given?
This is my first time buying house and had been reading the posts but can't find it, hope forumers here can help. Thank you. smile.gif


datuk_batery
post Feb 13 2012, 10:00 AM

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QUOTE(dariofoo @ Feb 12 2012, 07:58 PM)
"Rolling" with client's monies is a serious offence not only with the Bar Council but is also a criminal offence. Criminal Breach of Trust.
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I will meet my lawyer today, if they not give my cheq and show their bank statement is enough to pay back my money...once i issue settle i will share with lawyaer firm cheat me...

i dont have they cheat other people also...

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